Canadian Mining Company

Canadian mining company Eldorado Gold on Monday threatened to suspend a major investment in Greece in ten days, accusing the government of delaying permits and licenses.

One of Greece's largest foreign investors, Eldorado operates mines in northern Greece that have faced vehement opposition from parts of local communities on environmental grounds, with protests often turning violent.

The news that Canadian mining company Eldorado Gold is attracting global media attention. The Associated Press, Reuters, the New York Times and Fox News wonder how Greece is seeking foreign investment in an effort to exit the economic crisis when its government is adopting a stance that led to the departure the largest investment in the country.

Canadian mining company Eldorado Gold, one of Greece's largest foreign investors, said Monday it planned to suspend investment at its mines in Greece following what it said are government delays in the issuing of permits and licenses.

Greek PM Alexis Tsipras’s strategic consultant Nikos Karanikas issued an unprecedented statement via his twitter and Facebook accounts in response to the announcement on Monday by Canadian mining company Eldorado Gold to suspend its operations in Greece accusing the government of not fulfilling its contractual obligations. “El dorado did what it could.

Greece's conservative opposition on Monday attacked the government following a decision by Canadian mining company Eldorado Gold to suspend investment at its mines and development projects in the country due to a delay in permits from Greek authorities.

Hours after Canadian mining company Eldorado Gold said it planned to suspend investment at its mines in northern Greece following what it said are government delays in the issuing of permits and licenses, the chairman of the Athens-based Hellenic Federation of Enterprises (SEV), Theodoros Fessas, called upon the left-led government to find a "political solution" to the problem.