Romania Definitely Wins the Roșia Montană Trial. The Romanian State Will Not Pay Damages of $6.5 Billion

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Romania has won definitively in the Roşia Montană file, after Gabriel Resources lost the last avenue of attack in international arbitration, announces the Ministry of Finance and Prime Minister Luca Niculescu. The trial stake was a major. Gabriel Resources demanded compensation of approximately $6.5 billion. "Romania has obtained, on Friday, a new favorable and definitive solution in ...

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Romania has achieved an important victory in the international dispute over the mining project in Roșia Montană, in which the applicant company claimed compensation worth $6.5 billion. The announcement was made by Romanian Prime Minister Luca Niculescu in a post published on his Facebook page.

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The Ministry of Finance announced on Saturday that Romania is finally winning the Red Mountain Arbitration, in the context in which the Ad Hoc Committee set up for the resolution of the action in annulment formulated by...

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Romania has finally won the international arbitration on the Rosia Montană project, after the ad-hoc committee ICSID has completely rejected the request for annulment made by Gabriel Resources company. The decision closes the last extraordinary way of attack...

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The Ministry of Finance announces that Romania is definitively winning the Roşia Montanã arbitration, after the ad hoc committee set up for the settlement of the action in annulment formulated by Gabriel Resources Ltd. and Gabriel Resources (Jersey) Ltd. has completely rejected the plaintiffs' request. By this decision, which exhausts the last extraordinary way of appeal, the arbitration decision by which the claims of approximately $6.5 billion…

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Romania obtained a definitive victory in the international dispute over the gold project at Rosia Montană. ICSID's ad-hoc committee completely rejected the cancellation request made by Gabriel Resources. The Tribunal upheld the March 2024 ruling and eliminated the financial claims of $6.5 billion.