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Gabriel takes Romania to court

Gabriel Resources has filed for arbitration against Romania centred on the stalled development of its 81%-owned Rosia Montana gold project. The company issued the government with notice of intentions in January and the mandatory six-month cooling off period expired this week.

Gabriel had spent some US$600 million on the project over a 15-year period leading into this year but has failed to get the project through the permitting stage despite an overwhelming economic case.