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China Decrees All Cryptocurrencies, Including Bitcoin, Illegal

China’s central bank declared all transactions involving Bitcoin and other virtual currencies illegal on Friday, stepping up a campaign to block use of unofficial digital money. Chinese banks were banned from handling cryptocurrencies in 2013, but the government issued...

EU Takes Greece to Court Over Illegal State Aid to Mining Company Larco

The European Commission announced on Wednesday that it will bring Greece to the European Court of Justice (ECJ) for failing to recover state aid once given to Greek mining company Larco. Athens failed to comply with a 2017 ruling by...

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...

Greek Environment Minister Skourletis Rejects Hellas Gold's Appeal for Operation of Unit

Greek Environment and Energy Minister Panos Skourletis rejected the appeal submitted in September by the Greek company, Hellas Gold concerning the operation of its processing plant. The action was taken against the ministerial decision that led to the suspension...

Greek Environment and Energy Minister Alludes to 'Necessary Compromise' With Eldorado Gold

Greek Environment and Energy Minister Panos Skourletis spoke today of a "necessary compromise" that needs to be reached between government and Eldorado Gold Corporation and underscored the point that his own ministry can contribute towards this goal. The Canadian gold...