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Gabriel Resources challenges seizure of gold mining company shares by the Romanian state

April 22, 2024

Gabriel Resources, the majority shareholder of Roșia Montană Gold Corporation SA, has sued several Romanian institutions as well as the RMGC company itself, in an attempt to challenge the seizure placed on the shares of the latter meant to settle its USD 10 million debt to Romania.

The USD 10 million represents the damages awarded to Romania following the decision in the arbitration case between the country and the mining company regarding the gold mining project at Roșia Montană....

The text of this article has been partially taken from the publication:
https://www.romania-insider.com/gabriel-resources-challenges-seizure-gold-mining-company-shares-romania
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