The announcement comes in the wake of an analysis of the request filed by Rosia Montana Gold Corporation for the extension of the concession license for the exploitation of the gold-silver deposits in the Rosia Montana perimeter.
On May 9, the International Centre for Settlement of Investment Disputes (ICSID) published the reasoning of the decision that was favorable to Romania in the trial initiated by Canadian company Gabriel Resources with regard to the Rosia Montana gold mining project.
In line with the document, ICSID considers there was no conspiration or state policy via which Romanian authorities wanted to gain control over the investment.
(English version by Catalina Apostoiu)