Gabriel Resources is planning to sue the Romania’s government for $4,4 billion

MINEX FORUM | June 30, 2017
img0 Image: euractiv.com Canada’s Gabriel Resources (TSX:GBU) is suing Romania for $4.4 billion in alleged losses over its long-stalled Rosia Montana gold and silver project, which the government of that country refused to approve following relentless protests, noted mining.com. The London, England-based miner said the suit would be filed Friday with a World Bank Tribunal. In the claim, ...

Romania’s National Agency for Mineral Resources to discuss approval for Rovina Valley

MINEX FORUM | June 12, 2017
img0 Euro Sun Mining Inc. (TSX:ESM) reported that in accordance with Romania’s public administration transparency laws, the National Agency for Mineral Resources (“NAMR”) will host a public meeting to discuss the draft Government decision approving the mining license of the Company’s Rovina Valley Project at its headquarters on June 19, 2017. G. Scott Moore, President and ...

Mining slides down deeper in Romania

MINEX FORUM | March 17, 2017
img0 Image: http://miningwatch.ro Local industry, the sector that represents almost a quarter of the Romanian economy, recorded an increase of 5.8% in January over the first month of 2016, said romania-insider.com. Mining continues to fall. The growth was supported by the strong advance in the manufacturing sector, according to data published yesterday by the National Statistics Institute ...

Vast Resources sells its African assets to develop Romanian project

MINEX FORUM | February 1, 2017
img0 Image: Vast Resources Vast Resources plc, the AIM listed mining company with operations in Romania and Zimbabwe, announced that it has signed a conditional agreement for the partial disposal of a non-controlling interest in its Pickstone-Peerless Gold Mine and Giant Gold Mine providing gross proceeds of US$8 million principally to advance the Company’s core activities in ...