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23 Jul 2015


Gabriel Resources seeks damages from Romania in intl. arbitration over blocking gold mine due to environmental & access to water concerns

"Canadian firm seeks arbitration over Romania gold mine", 22 Jul 2015

A Canadian company…is seeking damages from Romania through international arbitrage after being blocked from creating an open-pit gold mine over environmental concerns. "Gabriel Resources Ltd announces that today it has filed a request for arbitration before the World Bank's International Centre for Settlement of Investment Disputes (ICSID) against Romania," the company said in a statement…Gabriel Resources has been trying for 15 years to get an environment ministry permit to launch the project, which would entail using cyanide and levelling four mountains in the historic area of western Transylvania. The operations…would also destroy well-preserved 2,000-year-old underground Roman mining galleries -- a potential UNESCO World Heritage site. In addition, environmentalists warn that the use of some 12,000 tonnes of cyanide each year in the project could contaminate ground water…Parliament in late 2013 rejected a bill introduced by the government that would have paved the way for the mine…