Gabriel Resources To Ask For Up To $4B In Compensation If Romania Rejects Rosia Montana Project

09.11.2013 By Bogdan Neagu

Canada's Gabriel Resources will sue the Romanian government if Parliament next week votes to kill the Rosia Montana mine, Europe’s biggest gold mining project, The Globe and Mail reported on its website Wednesday.

“If the lower house [of parliament] does reject the project, we will go ahead with formal notification to commence litigation for multiple breaches of international investment treaties for up to $4-billion (U.S.),” Gabriel Resources' chief executive officer Jonathan Henry said in an interview Wednesday.

Publication website: www.theglobeandmail.com