Calamos Supports Greece

Greece

Protest in Thessaloniki Against Gold Mining Projects

About 3,000 protesters have marched in the northern Greek city in protest against what they claim are environment-threatening gold mining projects. Riot police barred the protesters' intended route to the Canadian Consulate on Saturday, but no incidents were reported. Canadian company...

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...

Greece's Opposition Leader Pledges to Unblock Huge Investment Projects

Greece's opposition leader Kyriakos Mitsotakis pledged to issue permits for the mining project in Skouries, northern Greece, in his very first month in office and push for the development of the site of the former Athens Airport of Hellinikon. In...

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 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...

Worker Dead by Falling Tree in Skouries Gold Mining Site

A contractor employee at the Skouries gold and copper site in Chalkidiki, in northeastern Greece, was struck by a branch from a falling tree Monday, and the accident resulted in fatal injuries. "Our deepest condolences and support go out to...

Hellas Gold Starts Operations of Olympiada Gold Mine in April

Hellas Gold plans to begin operation of its mines in Olympiada Chalkidiki in April, the company's officials told reporters, adding that the official opening will be in June at a ceremony which will include invitees Orthodox Patriarch Bartholomew and...

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...

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...

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...

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...

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...