Gabriel Resources was seeking $4.4 billion in damages from the Romanian state, which owned a 20% stake in the mining project ina mountainous western region that contains some of Europe’s largest gold deposits. The Romanian government withdrew its support for the project in 2014.
The decision came 25 years after Gabriel Resources gained concession rights for the mining project that planned to extract gold and silver over a 16-year period. It would have involved razing four mountain tops, displacing hundreds of families and leaving behind a waste lake containing cyanide, a toxic chemical used in the process of gold extraction.
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