Gabriel Resources was seeking $4.4-billion in damages from the Romanian state, after the government withdrew support for the project
The Romanian government has won a yearslong legal dispute with a Canadian mining company seeking damages over failed plans to open a gold and silver mine in the Eastern European country.
The government said that the ruling late Friday by the Washington-based International Centre for Settlement of Investment Disputes ordered Gabriel Resources to reimburse its legal costs for the arbitration case the Canadian miner launched in 2015. The decision came 25 years after Gabriel Resources gained concession rights for the mining project that planned to extract gold and silver over a 16-year period. It would have involved razing four mountain tops, displacing hundreds of families and leaving behind a waste lake containing cyanide, a toxic chemical used in the process of gold extraction.
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