The under-construction process plant at Eldorado's Skouries project. Courtesy of Eldorado Gold

Eldorado Gold filed an “application for payment” with the nation of Greece on Tuesday, asking for €750 million ($1.14 billion) in damages related to the country’s delays in issuing of permits for the company’s Skouries gold-copper porphyry project.

The hefty price tag also includes out of pocket costs and loss of profits.The application is non-judicial, as Eldorado aims to keep the matter out of the courts.

“The application represents a good-faith attempt to resolve the matter with the Greek State as it relates to costs incurred resulting from permit delays to our Skouries project,” said Eldorado president and CEO George Burns in a press release. “Eldorado has always acted in a manner consistent with finding a mutually-agreeable solution to responsibly developing Skouries. We hope that this matter can be resolved in an amicable manner without needing to go down the route of arbitration.”

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The Greek government has not yet provided a response.

Eldorado has struggled to develop its Greek operations, as the country’s government has tried to halt development by delaying permits. In response, the company threatened in September 2017 to halt investment in the country until certain conditions were met. After receiving permits for its Olympias project and entering into a “constructive dialogue” with Greece’s Ministry of Energy and Environment the company rescinded its threats.

In the same month, the Greek government initiated arbitration proceedings against the company, claiming that Eldorado subsidiary Hellas Gold provided a deficient technical study for a plant to treat concentrates from the Skouries and Olympias projects. An arbitration panel rejected the government’s argument that the study was deficient in April.