Paulson-Backed Gabriel Threatens $4 Billion of Claims in Romania
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Gabriel Resources Ltd., backed by billionaire hedge-fund manager John Paulson, threatened to seek as much as $4 billion of damages should Romanian lawmakers vote to oppose its gold mine project in the country.
“We have a very, very robust case, and we believe we have claims up to $4 billion that we can send to the Romanian state,” Gabriel Resources Chief Executive Officer Jonathan Henry said today in a telephone interview. “We will go ahead and do that if the vote is against.”