Loading ...Gabriel serves Romania govt with dispute notice over permitting battle
20th January 2015 By: Megan van Wyngaardt
JOHANNESBURG (miningweekly.com) – TSX-listed gold company Gabriel Resources has served a notice of dispute to the Romanian government to seek an amicable resolution to the permitting and authorisation of the Roşia Montană gold and silver mine, which has been stalled for years waiting for a key environmental permit.
The company said on Tuesday that it had issued a formal notification to the President and Prime Minister of Romania, which requested Romanian authorities to formally engage in a process of consultation. Gabriel currently owned 80.96% of the project, while the State owned the remaining 19.31%.
Gabriel had not initiated any arbitration claim or application to any international arbitration court but, should it not obtain satisfactory resolution, it would seek full compensation for its rights to develop the project.