Greece Examines Higher Royalties with Investor Eldorado Gold

MINEX Forum | September 24, 2019
img0 Pushing forward a repeatedly delayed mining project in northern Greece, which will bring in much-needed revenue and create jobs, the Greek government is in talks with Canadian mining company Eldorado Gold to secure higher royalties. Speaking to Reuters earlier this month, Energy Minister Kostis Hatzidakis said the government was aiming to “send a business-friendly message” ...

Eldorado Gold gets political boost in Greece

MINEX Forum | July 29, 2019
img0 CEO George Burns has met with representatives of the newly elected Greek government in a bid to kickstart Eldorado’s stalled Skouries gold mine. Based in Vancouver, Eldorado is a mid-tier gold and base metals producer with an international portfolio that includes mining, development and exploration projects in Turkey, Canada, Greece, Romania, Serbia and Brazil. Key ...

Greece seeks to kickstart stalled Eldorado gold mine investment

MINEX Forum | July 24, 2019
img0 Greece’s recently-elected government wants a stalled gold mine investment by Canada’s Eldorado to be revived, its energy minister said on Tuesday after meeting company executives. Vancouver-based Eldorado has two operating mines and two development projects in northern Greece but has struggled with permit delays at one location, Skouries, for years. Its planned investment in Greece ...

Resource nationalism has reached Greece

David McHutchon | September 15, 2017
img0 Canadian miner Eldorado Gold’s threat this week to freeze investments in Greece after years of frustrating and costly permit delays highlighted the risks the industry faces when it strays away from mining-friendly countries, said miningweekly.com. After moving into higher-risk countries in recent years to mine new deposits, companies are being forced to seek safe havens during a rise in so-called ...

Eldorado Gold could get permits for its Olympias project in the next few days

David McHutchon | September 13, 2017
img0 Greece will grant Canada’s Eldorado Gold outstanding permits for its Olympias project this week, its Energy Minister George Stathakis said on Wednesday. Dozens of Eldorado Gold workers rallied outside the energyministry in Athens on Wednesday to protest against potential job losses after the Canadian company threatened to suspend investment at its Greek mines, demanding permits and clarifications on an upcoming arbitration process, said miningweekly.com with reference ...