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Eldorado Gold Provides an Update on Greek Investments
Eldorado Gold Provides an Update on Greek Investments Canada NewsWire VANCOUVER,...
About this update from Eldorado Gold Corporation
[{"type":"text","content":"\n\n\n\nEldorado Gold Provides an Update on Greek Investments\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Nov. 9, 2017\n\n\n\nTSX: ELD  NYSE: EGO                                                                                            \n\n\n\nVANCOUVER, Nov. 9, 2017 /CNW/ - Eldorado Gold Corporation (\"Eldorado\" or the \"Company\") announces it will move the Skouries development project into care and maintenance. Dialogue has continued with Greece's Ministry of Energy and Environment (\"MoE\") with respect to the development of the Company's subsidiary Hellas Gold S.A.'s, Kassandra Mine assets in Halkidiki, Northern Greece. However, the MoE has failed to issue the amended Electromechanical Installation permit for the Skouries flotation plant as well as other matters including, but not limited to, the relocation of antiquities at the Skouries site.\n\nThe Company has also initiated legal action within the statutory deadline in order to enforce and protect its legal rights.  This legal action consists of three lawsuits which have been filed with the Council of State (\"CoS\"), requesting judicial protection against the Ministry's failure to issue routine installation permits, resulting in unjustifiable delays to the development of the Skouries facilities.  Furthermore, the Company has filed with the CoS a petition for non-compliance of the Ministry with a previous decision granted by the CoS.\n\nThe Company will re-assess its investment in the Skouries project upon approval and receipt of the required permits, coupled with a supportive government open to discussions...