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Gabriel sues Romania for $4.4 billion

Gabriel Resources (CN:GBU) has abandoned any faint hope of building the Rosia Montană gold mine in Romania and sued the country for US$4.4 billion in the World Bank's International Centre for Settlement of Investment Disputes (ICSID).

Gabriel sues Romania for $4.4 billion Gabriel sues Romania for $4.4 billion Gabriel sues Romania for $4.4 billion Gabriel sues Romania for $4.4 billion Gabriel sues Romania for $4.4 billion

The town of Rosia Montană, which Gabriel Resources has given up on mining

Junior explorer Gabriel has spent 18 years and $700 million on the Transylvanian project without getting a permitting decision from the Romanian government, and claims this amounts to expropriation of