Eldorado Gold Corp responded to a statement posted on the Greek Energy and Environment Ministry’s website on Thursday about seeking arbitration over the Canadian company’s gold mine investment, saying it has not received formal notification or any details of any arbitration proceedings.
It stated that “at this time, Eldorado’s operations and development projects are continuing to plan.”
The company underscored that it has consistently received positive decisions from Greece’s Council of State in 18 cases confirming the integrity of its permits.
Greece seeks arbitration to settle its differences with Canada’s Eldorado over a gold mine investment, the Energy Ministry said on Thursday.
Vancouver-based Eldorado is developing a gold mine project in northern Greece but differences have persisted for years with Greek authorities over testing methods applied to comply with environment regulations.
Greece says it wants to make sure that Eldorado’s Greek unit Hellas Gold, which is developing the project, respects its contractual obligations.
[Reuters]
SOURCE: ekathimerini.com
