Eldorado Gold seeking 11B from Greece as compensation for permit delays

first_imgVANCOUVER – Eldorado Gold Corp. is seeking $1.1 billion from the Greek government for damages it says it suffered due to permit delays related to its Skouries project.The company says the application is a non-judicial request for payment and does not initiate legal proceedings.Eldorado chief executive George Burns called it a “good-faith attempt” to resolve the matter with the Greek government.The company suspended work at the Skouries project last year amid an ongoing dispute with the Greek government.The Vancouver-based company said at the time that Greece’s Ministry of Energy and Environment had not issued the required permits for the project.The company has said it would re-assess its investment in the Skouries project once it receives the required permits.Companies in this story: (TSX:ELD)last_img

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