Loading ...UNESCO added the ancient Roman gold mining area of Rosia Montana in western Romania to its list of world heritage sites on Tuesday, throwing the town a lifeline and further complicating a long-stalled mine project.
Canada’s Gabriel Resources, which had planned to build Europe’s largest open cast gold mine in Rosia Montana, is currently seeking $4.4 billion in damages from Romania for losses related to its stalled project at the World Bank’s International Centre for Settlement of Investment Disputes.
The government, which has a 20% stake in the project, officially withdrew its support for the mine in 2014 after months of country-wide street protests against it. The company gained concession rights to the area in 1999.
UNESCO names Romanian ancient gold mine settlement a world heritage site