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Breaking News - BREAKING NEWS - Europe

BREAKING NEWS - Europe

Romania hits Canadian firm with $9m 'retaliatory' tax bill over gold mine  

Church in tailing pondRomania has served a Canadian mining company with a $8.6m back taxes bill days after the company filed a $4.4bn compensation claim over a stalled project in the country. Gabriel Resources tried for more than 18 years to get necessary permits for an opencast mine to extract Europe’s largest gold deposits from beneath the village of Roșia Montană in the Apuseni mountains. But the project was halted in 2013 after tens of thousands of demonstrators took to the streets for three weeks of mass protests. Read more HERE.

Church in tailing pondRomania has served a Canadian mining company with a $8.6m back taxes bill days after the company filed a $4.4bn compensation claim over a stalled project in the country. Gabriel Resources tried for more than 18 years to get necessary permits for an opencast mine to extract Europe’s largest gold deposits from beneath the village of Roșia Montană in the Apuseni mountains. But the project was halted in 2013 after tens of thousands of demonstrators took to the streets for three weeks of mass protests. Read more HERE.

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Published on 14/07/2017 @ 2:49 PM   | All Breaking News Topics | Top