Loading ...Canada’s Eldorado Gold’s (TSX:ELD)(NYSE:EGO), Greece’s biggest foreign investor, has decided to stop development and investment in its Skouries gold project located in the country’s northern region of Halkidiki, as talks with authorities seemed stalled.
The Vancouver-based firm also said it had initiated legal actions against the government in order to enforce and protect its rights in Greece. The measures include three lawsuits against the Ministry of Energy and Environment for failing to issue routine installation permits, which Eldorado said caused unjustifiable delays to the development of Skouries
Eldorado halts investment in Greece’s Skouries project, sues Gov’t