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Reuters reported that Eldorado Gold Corp. (TSX:ELD,NYSE:EGO) and workers at its troubled Greek operation have filed a new legal complaint. It’s aimed at overturning the recent government decision that halted activities at the site.
Reuters reported that Eldorado Gold Corp. (TSX:ELD,NYSE:EGO) and workers at its troubled Greek operation have filed a new legal complaint. It’s aimed at overturning the recent government decision that halted activities at the site.
As quoted in the market news:
Eldorado’s complaint at one of Greece’s top courts came after Prime Minister Alexis Tsipras’s leftist government announced last week that it was revoking the permit for the $1-billion project run by Eldorado, one of the biggest foreign investments in the country, arguing that the company had violated contractual terms.
Eldorado stopped operations at the mine in the Halkidiki region as a result, putting most of its 2 000 employees on suspension.
Eldorado’s Greek subsidiary, Hellas Gold, and its Greek workers, argue in their latest legal complaint that the decision was illegal and against the Greek constitution, the court officials said.