Skouries mine

Bloomberg: Greece: Where Literally Sitting on Goldmine Is Not Enough to Make Money

The public fallout between Canadian mining company Eldorado Gold and the Greek government after the prior’s announcement on Monday it would suspend its large investment in the north of the country due to the government’s delays in issuing routine permits has put the leftist-led SYRIZA government at the centre of a storm of media attention, bringing up questions about whether it honestly promote

Eldorado chief executive accuses Greek gov't of 'political posturing'

Canadian mining company Eldorado Gold on Monday threatened to suspend a major investment in Greece in ten days, accusing the government of delaying permits and licenses.

One of Greece's largest foreign investors, Eldorado operates mines in northern Greece that have faced vehement opposition from parts of local communities on environmental grounds, with protests often turning violent.

Eldorado suspends investment in Greece citing regulatory hurdles

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 permits from the Greek government.

The company said no additional investment will be made into the Olympias and Skouries projects and the Stratoni mine in Greece, and will place them on care and maintenance from Sept. 22.

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