Eldorado Gold
Economy
New Greek Environment Minister Unblocks Goldmine Works
New Environment Minister Giorgos Stathakis on Thursday approved the study for the construction of the enrichment facility at the Hellas Gold mine at Skouries, northern Greece.
The previous environment minister, Panos Skourletis, was refusing to sign the environmental study for...
Economy
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...
Business
Greek Government Grants Eldorado Gold Permit for Olympias Mine
The Greek government has granted Hellas Gold, a subsidiary of Canada's Eldorado Gold, a license for the Olympias mine in northern Greece.
The company made the announcement on Tuesday, after Greece's Environment and Energy Ministry gave the mining company the...
Business
Rift Between Greek Environment Minister and Canadian Mining Company
Greek Energy Minister Panos Skourletis said Paul Wright, CEO of the Eldorado Gold mining company operating in Greece, shorted the shares of his own company, with the company spokesperson calling the statement "utter nonsense."
The rift between the two men...
Economy
Eldorado Gold Will Suffer Major Write-Down
Eldorado Gold announced earlier in the month that it will suspend the majority of mine construction on Greece, although it does not intent to leave the country.
Now, the company said it expects to “write down the value of its...
Business
Gold Mine Company Wins Appeal in Greece's Highest Court
Greece’s Council of State has annulled the government’s decision in 2015 to revoke Eldorado Gold’s mining license, according to court documents published on Wednesday.
The Canadian-based mining company had appealed to Greece’s top court to overturn the ban on its...
Greece
Skourletis Accuses Eldorado of 'Political Show'
Greek Environment and Energy Minister Panos Skourletis accused Eldorado Gold of staging a “political show” and of “blackmail”, saying the company's CEO must understand that “Greece is a modern European democracy”.
Speaking to SKAI radio on Wednesday, Skourletis stressed that...
Business
Greek Govt Imposes €1.7Mln Fine to Eldorado Gold Mining Co.
The Greek government imposed on Tuesday 1.7 million euros in fines to Eldorado Gold, the Canadian-based mining company operating four mines in Greece.
The fine was imposed by the Environment and Energy Ministry just before Eldorado Gold CEO Paul Wright spoke...
Business
Eldorado Gold Threatens…To Stay in Greece
Eldorado Gold, a Canadian-based gold mining company with assets in Europe, Asia and South America, announced that it suspends its mine construction in Skouries as permit delays continue and warned that it would do the same at its other...
Economy
Eldorado Gold to Stop Investments in Greece
Canadian mining company Eldorado Gold says it is suspending work at a site in northern Greece and laying off 600 workers following protests by local residents and a spat with the country's left wing government.
The Vancouver, Canada-based company said...