Eldorado Gold Secures Funding to Develop Controversial Mine in Greece
Eldorado Gold Corporation and its wholly-owned subsidiary Hellas Gold announced on Wednesday that they have completed the 680 million euro ($742 million) financing for developing the controversial Skouries project in Northern Greece. The funding agreement is structured to provide 80%...
Greece Calls on Canada to Participate in its “Success Story”
The leaders of Canada and Greece participated in an online event to mark the 200th anniversary of the Greek War of Independence.
Greece Grants Eldorado Permits for Gold Mine Projects
The Canadian mining firm Eldorado Gold Corp confirmed on Tuesday that it has received installation permits for both its stalled Skouries mine project and the Olympias mine from Greece’s Ministry of Energy and Environment. The permit will allow for the installation of...
Eldorado Gold Chief Says Elections a Catalyst for Investment in Greece
Eldorado Gold President and CEO George Burns said this week that the upcoming general elections in Greece will be the catalyst for the mining company's investment in the country. The statement was made during a teleconference with analysts in regard...
Eldorado Gold Files for €750 Million Damages from Greek State
Eldorado Gold Corporation confirmed that its Greek subsidiary, Hellas Gold, has filed for compensation of approximately €750 million for damages from the Greek state. The move, according to the company, arises from delays in the issuance of permits for the...
€18 Bln Worth of Gold, Precious Metals Could be Mined in Greece, Expert Claims
There is up to €18 billion worth of gold, zinc and lead deposits in northern Greece waiting to be exploited by mining companies, says Professor of Metallurgy at the National Technical University of Athens, Ioannis Paspaliaris. Speaking at an event...
Greece Vows to Resolve Eldorado Gold Dispute 'Soon'
The government expects to reach a deal with Canadian firm Eldorado Gold over a mining project in northern Greece which has been dogged by years of legal wrangling over environmental concerns. An agreement is anticipated in the coming weeks, the energy ministry...
Greece Gives Eldorado Gold Positive Ruling
Canada’s Eldorado Gold Corp and its subsidiary Hellenic Gold on Wednesday received a positive ruling from arbitrators on its planned gold mining plant in Greece, Reuters says. However, the company is awaiting mine development permits, after it had suspended operations...
Bloomberg: Greece Puts 11 Billion Euro Investments at Risk
Two of Greece’s biggest projects -- together valued at about 11 billion euros -- have stalled on bureaucratic and legal wranglings, raising questions about the country’s ability to draw investments, says a report in Bloomberg. The report focuses on two...
Eldorado to Freeze Investments in Skouries Gold Mine
Eldorado Gold announced on Thursday it would freeze investments in its Skouries gold mine in northern Greece, taking a tough stand in its long standing battle with the government. In September, Eldorado threatened to halt new investment in its Olympias,...