BRÈVE

sur Gabriel Resources Ltd. (isin : CA3619701061)

Gabriel Resources Ltd. Files Notice of Dispute Over Roșia Montană License

Gabriel Resources Ltd. has filed a notice of dispute against Romania regarding the non-extension of the Roșia Montană exploitation license. This notice follows the Romanian Government's decision, despite the full compliance of Gabriel's Romanian subsidiary, Roșia Montană Gold Corporation S.A., with all legal and contractual obligations.

The company argues that the decision is unjustified, claiming it breaches Romanian law and investment rights protected by bilateral investment treaties. The decision comes three months after a related ICSID arbitration case concluded, impacting the continued development of the Roșia Montană project.

The notice, served to Romania's President and Prime Minister, initiates a 90-day cooling-off period after which arbitration may start. Gabriel Resources remains open to negotiation with the Romanian Government to resolve the issue.

Gabriel continues to pursue the annulment of the ICSID Decision while maintaining its stance on the wrongful decision regarding the license.

R. H.

Copyright © 2024 FinanzWire, tous droits de reproduction et de représentation réservés.
Clause de non responsabilité : bien que puisées aux meilleures sources, les informations et analyses diffusées par FinanzWire sont fournies à titre indicatif et ne constituent en aucune manière une incitation à prendre position sur les marchés financiers.

Cliquez ici pour consulter le communiqué de presse ayant servi de base à la rédaction de cette brève

Voir toutes les actualités de Gabriel Resources Ltd.