Calamos Supports Greece

Greece

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...

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...

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,...

Eldorado Gold: Continuous Delays Make Greece Appear Not Friendly to Investments

"As long as the largest direct foreign investment in the country does not progress, Greece appears as not being friendly to investments, and this is a wrong message the country is sending," said Dimitris Dimitriadis, Managing Director of Hellas Gold on...

Eldorado Gold Postpones Decision to Suspend Skouries Mine Operation

Eldorado Gold Corp on Thursday said it had decided to temporarily postpone its decision to place its Chalkidiki assets on care and maintenance. The company also said it entered into dialogue with Greece's Ministry of Energy and Environment to develop...

Miners Protest while Greek Gov't Continues Tiff with Eldorado Gold

Hundreds of miners from the Chalkidiki region gathered outside the Ministry of Environment and Energy on Thursday to protest against the State's unwillingness to provide certain permits to their employer, Eldorado Gold. The Canadian mining company has given an ultimatum...

Eldorado Gold Miners Descent to Athens Demanding Government Issue Permits

Workers from the Eldorado Gold mines in Chalkidiki, northern Greece, have announced that they will travel to Athens again, to demand that the government issues the necessary permits for the company to continue its operations. The Canadian company has set...

Eldorado Gold Issues Thursday Deadline to Greece for Skouries Mine

Eldorado Gold is ready to suspend the investment in Skouries, if the Greek government does not provide the necessary permits by Thursday. On Monday September 11, the Vancouver-based firm, and Greece’s largest foreign investor, had said that it will suspend...

Eldorado Gold Gets Two Permits to Operate in Northern Greece, More Permits Due

The back and forth discussions between the Greek State and Eldorado Gold mining company continues, with the Canadian company receiving two of the permits required to continue its operation in Olympias, in Chalkidiki, Northern Greece. This is a positive development...

Police Fire Tear Gas at Protesting Eldorado Workers

Greek police fired tear gas at dozens of Eldorado Gold workers rallying outside the energy ministry in Athens on Wednesday to protest against potential job losses, after the Canadian company threatened to suspend investment at its Greek mines. Eldorado Gold...

Greece to Grant Permits for Eldorado's Olympias Project ‘this Week’

Greece will grant Canada’s Eldorado Gold outstanding permits for its Olympias project this week, Environment and Energy Minister George Stathakis said on Wednesday. Dozens of Eldorado Gold workers rallied outside the environment and enery ministry in Athens on Wednesday to...

Eldorado Miners Storm Greek Ministry (video)

Miners from the Eldorado Gold mine in Chalkidiki, stormed the Greek Ministry of Environment in Athens, demanding that the government provides the necessary permits for the Canadian company to continue its operations in northern Greece. Dozens of miners descended to...