Romania Updates: "Roșia Montană Victory: Tribunal Rules Against Mining Project"

Politics 10 March 2024 12:25

Arbitral Tribunal Confirms Romania's Victory in Roșia Montană Case: The Arbitral Tribunal confirmed on Friday Romania's victory in the controversial case of the gold mining project in Roșia Montană. Gabriel Resources Ltd. and Gabriel Resources (Jersey) were dismissed, and Romania was recognized as the winner. The decision, numbered ARB/15/31, marks a victory for civic and conservation efforts, while Romanian politicians have been criticized for undermining the state's defense in international arbitration.

Gabriel Resources Announces Contestation of Tribunal's Decision in Roșia Montană Case: Following the Arbitral Tribunal's decision in favor of Romania in the Roșia Montană case, Gabriel Resources Ltd. and Gabriel Resources (Jersey) announced their intention to contest the decision. The companies believe that the majority decision is profoundly erroneous and argue that political interference by the Romanian government hindered the development of the mining project. However, they are exploring their options, mentioning gratitude to shareholders and employees for unwavering support throughout the process.

International Recognition of Citizens' Struggle: The "Save Roșia Montană" campaign welcomed the Arbitral Tribunal's decision as international recognition of citizens' struggle to conserve the locality. They emphasize that the community's refusal to abandon their homes has become a source of inspiration, and civil society interventions before the Tribunal have marked a global precedent in international arbitration. The campaign draws attention to politicians about the non-negotiability of Romanian citizens' rights. CE Reported used Agerpres for this article

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