Energy Minister Announces Arbitration with Eldorado Gold in September



The Greek government plans to start an arbitration process next month to settle its differences with Canada’s Eldorado Gold Corp over its gold mine development plans in northern Greece, the energy minister announced on Thursday.

“We have decided to resort to arbitration to stop the tug of war which has been going on for many years and have things cleared up,” Energy Minister Giorgos Stathakis told Greek state television ERT.

Stathakis said the arbitration process will begin on September 15 and will last three months. The government had previously planned to start the process this month.

Eldorado is developing the Skouries and Olympias projects in northern Greece, where it also operates the Stratoni mine.

Skouries has been a particular flash point with the authorities, with differences lasting for years over testing methods applied to comply with environmental regulations.


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