Eldorado Gold

The Canadian mining group Eldorado Gold confirmed on Monday that it was resuming work at a controversial site in Skouries, Halkidiki, after the Environment Ministry approved a technical study for the project.

Eldorafo Gold announced today that it will suspend investments in Skouries and probably in Olympiada, too. And instead of trying to find a solution, the Greek government escalates the tension by imposing a fine of 1.7 million euros to Hellas Gold, while European Commission has already sent a message to Athens saying that Greece should attract and keep investments.

Canadian miner Eldorado Gold Corp on Monday said it will suspend its mine construction and development in Greece following a year of confrontations with the Greek government including permits being revoked and delayed by the state, according to Reuters.

A Greek top administrative court on Monday annulled the government decision to suspend Canadian Eldorado Gold’s mining operations in northern Greece. Eldorado had appealed to overturn a ban on its plans to develop a gold mine in a forested area of northern Greece in a case widely seen as a case of the leftist government contesting foreign investment.

GR Engineering Services has won a $7 million contract in Greece to provide engineering, procurement and construction management (EPCM) services to Hellas Gold, a subsidiary of the Eldorado Gold Corporation.

The workers of ‘Hellas Gold’, the subsidiary of Canadian gold mining company ‘Eldorado’, decided after a long union meeting to take action in protest against the Greek government’s decision to shut down the mining operations at Skouries, Chalkidiki, in northern Greece.

Eldorado Gold, has released a statement regarding the decision by Greek Minister of Productive Reconstruction, Environment & Energy confirming that Hellas Gold S.A. – a Greek subsidiary of the Canadian Company – has been made aware of the Greek Minister’s notification suspending the technical studies pertaining to the Skouries and Olympias projects in Halkidiki, northern Greece.

By Debbie Papadakis (debbiedepapadakis@yahoo.com)

The Canadian gold mining company Eldorado Gold Corporation is ready to start a new gold mining project at Certej, in southern Transylvania, after completing a feasibility study.

The company intends to invest some $652 million US in extracting an estimated 44 million tonnes of ore from mine, worth some $3.2 billion US.

The Council of State, Greece’s highest administrative court, on Monday threw out a recent decision by a regional entity to block an enrichment plant at the controversial Skouries gold mine in northern Greece.

The high court said the decision was illegal and that construction of the unit by Hellas Gold, the subsidiary of Canadian multinational Eldorado Gold, can proceed.