Canadian Miner Prepared to Lose $1.5 Billion Investment
1/23/2015 03:02:29 PMAfter 15 years, 7 different CEOs and $US1.5 billion worth of investment, the Canadian-listed Gabriel Resources (TSX: GBU), may be preparing to cut its losses. In a statement released this week, the company reiterated that it will seek international arbitration should an amicable agreement on the Rosia Montana project not be met in the near future. Romania’s lower house rejected the latest mining proposal in September 2013 and discussions have been stagnant ever since.
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