Canadian firm loses UNESCO gold mining case against Romania

(ANSA-AFP) - BUCHAREST, MAR 9 - A Canadian mining company on Friday lost an arbitration case against Romania after it blocked a gold mining project at a site now recognised by UNESCO, Bucharest announced. Canadian firm Gabriel Resources had sought up to $6. 7 billion (6.1 billion euros) in damages from the Romanian government for pausing the development near the village of Rosia Montana in the Carpathians, home to 2,000-year-old Roman mining galleries UNESCO added to its World Heritage List in 2021. The International Centre for Settlement of Investment Disputes (ICSID), a World Bank arbitration panel, rejected Gabriel Resources' claims for damages in a ruling published Friday by the Romanian government. Prime Minister Marcel Ciolacu hailed the decision in a statement on Facebook, appearing to take a swipe at previous governments that supported the project.
    (ANSA-AFP).