Minister: Arbitration would be best to resolve pending issues related to Skouries investment
Greece’s relevant economy and environment minister on Thursday said recourse to arbitration would be the best solution to resolve all pending issues related to the Hellas Gold investment in northern Greece.
Minister Giorgos Stathakis made the statement before reporters after a meeting with the company’s management.
Hellas Gold is a majority-owned subsidiary of El Dorado Gold, a Canadian mining multinational. The former owns the Skouries gold mining concession in the northern Greece prefecture of Halkikidi, one of the biggest foreign direct investments in the still bailout-dependent country.
Conversely, the Skouries project has been at opposed “tooth-and-nail” for years by a portion of the local residents, environmentalists throughout the country and by anti-capitalist groups, with ruling SYRIZA promising to kick out Hellas Gold when it was still in the opposition.
Stathakis’ ministry has already sought recourse to arbitration, with its representation assumed by the State’s Legal Council.
According to the government side, pending licenses for the affiliated project at the Olympiada site, also in Halkidiki, are nearing completion. Licenses for Skouries, the main site, remain pending.
On its part, Hellas Gold is planning to begin operations of its enrichment plant at the Olympiada site in September.
You may be interested
Brutal murder of British mother, 20, in front of her baby in Attica has left Greece in shockmakis - May 11, 2021
Greek society is in shock, as more details are emerging of the brutal murder of a British mother, 20, in…
First TUI flights depart for Greece and Cyprus from SwedenPanos - May 11, 2021
TUI‘s first flight from Sweden to Mediterranean destinations departed this morning. According to data, the Greek islands and Cyprus are…
Ambassador Pyatt at Delphi Forum: Biden wants Greek-US relations to level upPanos - May 11, 2021
The US Ambassador to Athens, Geoffrey R. Pyatt, spoke with journalist Marianna Kakaounaki in the framework of the 6th Delphi…