(ANSA-AFP) - BUCHAREST, MAR 9 - A Canadian mining company on
Friday lost an arbitration case against Romania after it blocked
a gold mining project at a site now recognised by UNESCO,
Bucharest announced. Canadian firm Gabriel Resources had sought
up to $6.7 billion (6.1 billion euros) in damages from the
Romanian government for pausing the development near the village
of Rosia Montana in the Carpathians, home to 2,000-year-old
Roman mining galleries UNESCO added to its World Heritage List
in 2021. The International Centre for Settlement of Investment
Disputes (ICSID), a World Bank arbitration panel, rejected
Gabriel Resources' claims for damages in a ruling published
Friday by the Romanian government. Prime Minister Marcel Ciolacu
hailed the decision in a statement on Facebook, appearing to
take a swipe at previous governments that supported the project.
(ANSA-AFP).
Canadian firm loses UNESCO gold mining case against Romania
Gabriel Resources had sought up to $6.7 billion in damages