Romania concludes Rovina Valley licensing

MINEX Forum | November 20, 2018
img0 The Romanian government published the ratified mining licence for Euro Sun Mining’s Rovina Valley copper-gold project in the country’s Official Monitor, formally concluding the much delayed project licensing process. “We are focused on moving this project forward as quickly as possible to the benefit of all stakeholders,” CEO Scott Moore said. Despite hosting very low-grade ...

Gabriel Resources President and CEO Jonathan Henry leaves the company

MINEX Forum | July 11, 2018
img0 Gabriel Resources (TSX-V:GBU), the miner that sued Romania for $4.4 billion in alleged losses related to its halted Rosia Montana gold and silver project, said Tuesday its top executive, Jonathan Henry, was leaving the company to “pursue other opportunities.” While Henry has resigned from his position as President, Chief Executive Officer and Director, he’ll continue ...

Gabriel Resources $4.4bn lawsuit over halted project can’t be heard by arbitrators

MINEX Forum | June 15, 2018
img0 Gabriel Resources (TSX-V:GBU) lawsuit against Romania for $4.4 billion in alleged losses related to the company’s stalled Rosia Montana gold and silver project, suffered a setback this week as the country told international arbitrators they can’t hear the Canadian miner’s claim. Romania’s government said a recent, ground-breaking court decision had slammed the door on certain ...

Romanian Prime minister to revoke the World Heritage site status to help Gabriel Resources

David McHutchon | August 31, 2017
img0 Image:  voanews.com Romanian Prime Minister Mihai Tudose plans to ask UNESCO to revoke the status of World Heritage site for the former mining town of Rosia Montana, as the nomination means important gold reserves can no longer be exploited, said mining.com. The application, submitted to UNESCO by the former government, was the last nail in the coffin for Canadian ...

Gabriel Resources is planning to sue the Romania’s government for $4,4 billion

David McHutchon | June 30, 2017
img0 Image: euractiv.com Canada’s Gabriel Resources (TSX:GBU) is suing Romania for $4.4 billion in alleged losses over its long-stalled Rosia Montana gold and silver project, which the government of that country refused to approve following relentless protests, noted mining.com. The London, England-based miner said the suit would be filed Friday with a World Bank Tribunal. In the claim, ...