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Energy Min: Govt expects to reach agreement with Eldorado Gold soon

Energy Min: Govt expects to reach agreement with Eldorado Gold soon

The government expects to reach an agreement with Eldorado Gold in the coming weeks, in the spirit of the recent arbitration decision, Environment and Energy Minister George Stathakis told representatives of workers at the Kassandra mines on Monday.

An arbitration panel rejected the Greek state’s claim that the technical study for the Madem Lakkos metallurgy plant for treating Olympias and Skouries concentrates, submitted by Eldorado’s subsidiary Hellas Gold in December 2014, violated the contract, Eldorado Gold said in a statement on April 4.

At the meeting, the minister and labor unions discussed the developments, and Stathakis said that talks with the parent company “are being held in a constructive climate.”

In a press release following the meeting, the Ministry said among other things that “the Greek state, and the Ministry of Energy in particular, is obliged to guarantee that pure gold, silver and copper will be produced, under the exact provisions on behalf of the public interest, and under the restrictions imposed by the European environmental legislation.”

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