Eldorado says arbitration panel rules in its favour in Greek dispute [Business News Network (BNN) Energy & Resources (Canada)]
Eldorado Gold Corporation Ordinary Shares (EGO)
Last eldorado gold corporation ordinary shares earnings: 4/30 05:09 pm
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Source: Business News Network
Eldorado says arbitration panel rules in its favour in Greek dispute VANCOUVER -- Eldorado Gold Corp. says an arbitration panel has ruled in its favour in its dispute with the Greek government regarding the company's Madem Lakkos metallurgical plant. The Canadian miner says the panel's ruling rejected allegations that a technical study was deficient and was in violation of a transfer contract and the environmental terms of the project. The Greek government initiated the arbitration hearing last year. Eldorado says it plans to continue to evaluate the decision and consider its next steps. The company has been embroiled in a fight with the Greek government over its gold mining operations in the country. Eldorado chief executive George Burns says the decision provides a foundation to allow the company to advance talks with the Greek government.
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