Eldorado in possible pickle for ‘breach of contract’ – NGO

May 29, 2017

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Gold producer Eldorado Gold could be subject to arbitration after the Greek government last month announced its intention to take the company to mediation over a possible breach of contract relating to its ability to produce precious metals in Greece.
The Greek government on April 11 assigned a law firm to represent it before arbitration court over whether Eldorado is actually able to fulfil its contractual obligation to produce precious metals in the country, after the Environment Ministry rejected a technical study regarding the metallurgy regarding its development projects.

Category: General