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Greece

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 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...

Chain Reaction to Eldorado Gold Halting Operations in Greece

The announcement earlier today by Canadian mining company Eldorado Gold to suspend all its operations in Greece, has caused cataclysmic reactions at home and abroad, against the Greek government. The Syriza-led coalition government is being accused of being hostile towards...

Goodbye and Good Riddance to Eldorado Gold Says Tsipras’ Advisor

In a statement on social media, a close advisor to PM Alexis Tsipras said good riddance to Eldorado Gold, after the company decided to suspend its investment in Greece. Nikos Karanikas, the advisor for strategic planning for the PM's office,...

Eldorado Gold Suspends Investment in Greece

Canada’s Eldorado Gold Corp said on Monday it would suspend investment at its mines and development projects in Greece due to a delay in obtaining permits from the Greek government. This represents a major blow to the recent efforts of...

Energy Minister Announces Arbitration with Eldorado Gold in September

The Greek government plans to start an arbitration process next month to settle its differences with Canada’s Eldorado Gold Corp over its gold mine development plans in northern Greece, the energy minister announced on Thursday. “We have decided to resort...

Eldorado Goldmine Arbitration to Start in August

Eldorado Gold will face Greek officials in an arbitration court later this month as the country's government sees the move as the preferred way to settle its differences with the Canadian miner. The country’s Energy Minister George Stathakis met representatives from Eldorado's...