Country alleges a court decision had slammed the door on certain investment arbitration cases involving European Union members, so Gabriel’s case can’t be solved that way any longer.
Rosia Montana Mining News
Company is seeking $4.4 billion in compensation for alleged losses related to its Rosia Montana gold and silver project, which Bucharest halted following relentless protests.
Move could mean good news for Gabriel Resources' long-stalled namesake gold project.
The company argues the Central European country violated several investment treaty provisions in its claim to the bank’s International Centre for Settlement of Investment Disputes.
Last night activists obliterated the words ‘democracy’, ‘environment’ and ‘justice’ with gold spray paint outside the offices of a Canadian mining company, in a protest designed to draw attention to the corporate court system being proposed under the EU-Canada trade deal, CETA.
The decision grants Rosia Montana protection from industrial activities, including mining.
This is first time Romania grants a mining license without the involvement of a state-owned enterprise.
The report exposes a compendium of risks associated with the Certej gold project and highlights some less evident or known facts that in return are likely to impair ELD’s ability to develop it.
The company has been trying for 15 years to get a permit for Rosia Montana, poised to be Europe's biggest gold mine.
The lower house of parliament rejected bill that would have allowed the firm to proceed with its Rosia Montana project.
The miner may lay off 400 workers at its Romanian subsidiary unless prospects for its Rosia Montana gold and silver mine improve.
Two gold mines, two thousand miles apart. Both were closed down in 2006. One is still held back by the legacies of the past. One is set to reopen in 2014. What lessons can they teach us about SLO?
The legislation could have enabled Canada's Gabriel Resources to proceed with plans to build Rosia Montana mine, Europe's largest open cast gold operation.
Rosia Montana Gold Corporation (RMGC), is said to have paid more than $300,000 to a firm prosecutors say is a phantom company used by organized crime networks.
Europe's largest gold mine will cost Gabriel Resources US$15 billion.
With a 16% stake in Gabriel Resources', Paulson is the controversial miner's biggest individual investor
Gabriel said that the parliamentary commission tasked with reviewing the project did not reject the plans.
For years, Romania’s traditional mining communities have struggled to find work in their local communities, following the closure of the majority of the country’s mines in the late 90’s and early 2000’s.
Instead of constructively engaging in bringing benefits to the Romanian people, activists have instead chosen to spread fear with a campaign of misinformation.
Parliament's special commission couldn't agree on a recommendation by Oct. 20, the original deadline.
World-wide protests against shale gas continue.
Hundreds also march in London.
The debated mine has cost the company more than $580 million, a dramatic loss in market value and no fewer than seven different CEOs.
Romanian PM tells Parliament to reject draft legislation in support of mine.