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The Romanian government said on Friday it won an arbitrage trial filed by Canada’s Gabriel Resources which wanted compensation after its plan to build Europe’s largest open cast gold mine in the western Romanian town of Rosia Montana failed.
The Romanian government, which had a 20% stake in the project, officially withdrew its support for the mine in 2014 after months of country-wide street protests against it. Gabriel Resources gained concession rights to the Rosia Montana area in 1999 and fought a decades-long battle with civil rights and environmental groups which argued the project would destroy ancient Roman mine galleries and villages, and could lead to an ecological disaster.
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