Greece to resort to arbitration against Hellenic Gold

Greece will resort to arbitratin against Hellenic Gold with the aim to ensure that the company adhered to its contractual obligations regarding the investment in teh Cassandra Mines, Environment and Energy ministry said on Thursday.

“The aim is to preserve the public interest through the domestic exploitation of the mineral resources of the area and in compliance with the applicable environmental terms and specifications,” the ministry said in an announcement.

The Minister of Environment and Energy, George Stathakis, sent a letter to the President of the State Legal Council, Michael Apessos, officially requesting the commencement of preparatory actions for the use of arbitration.