Gabriel Resources sues Romania over Rosia Montana via an ISDS case

Gabriel Resources sues Romania over Rosia Montana via an ISDS case
22nd July 2015 Christliche Initiative Romero

Gabriel Resources sues Romania over Rosia Montana via an ISDS case.

July 21, 2015. This is the date when the locals of Rosia Montana obtained a subtle confirmation that their village is saved from the destruction of Gabriel Resources. The company admitted yesterday in a press release that they have lost hope in ever mining Europe’s largest gold deposit. At the same time Gabriel Resources announced the submission of a Request for Arbitration at the World Bank’s International Centre for Settlement of Investment Disputes. They demand compensation and a special settlement from the Romanian state for failing to harvest 314 tonnes of gold and 1,500 tonnes of silver, expropriating hundreds of local properties and leaving behind a waste lake containing cyanide – a toxic chemical used in the process of gold extraction. Read the full press release (in Romanian).