Mining

The two candidate investors vying for 50.1 percent of Hellenic Petroleum (HELPE), Vitol and Glencore, are seeking partners to submit joint binding bids for the majority stake in the listed company by January 2019.

The revelations on the activities of two gangs accused of smuggling gold out of Greece have thrown light on a hidden aspect of the human tragedy of the past few years. In addition to undermining the present and the future, with the sudden drop in living standards and incomes, the flight of young people and more deaths than births, the crisis is also robbing us of the past.

Efforts by mountaineers, climbers and non-governmental organization to block plans for establishing a mining and quarry facility in the Dedegöl Mountain and Kuzukulağı plain in the western province of Isparta have finally paid off and the authorities decided that the mountain should be part of the nearby Kızıldağ National Park.

Three miners were killed underground and two injured after an explosion ripped through a mine in Turkey's Black Sea region early on Nov. 21.

Greece has told short-listed investors to submit final bids for a majority stake in its biggest oil refiner Hellenic Petroleum (HELPE) by January, two sources close to the sale said on Monday, pushing the deadline back from November.

Greece has told shortlisted investors to submit final bids for a majority stake in its biggest oil refiner Hellenic Petroleum by January, two sources close to the sale said on Monday, pushing the deadline back from November.

Velocity Minerals (TSXV:VLC) has completed a positive preliminary economic assessment (PEA) for the Rozino open pit gold project, earning a 70-percent stake in the Bulgaria project, the company announced on Monday (September 17).

The registration regime and the control over the extraction, processing and transactions with precious metals and precious stones and the products from such materials will be transferred from the Ministry of Finance to the economic department. This includes changes to the Foreign Exchange Act, approved by the government on Wednesday.

Workers at Hellenic Petroleum on Monday physically prevented suitors eyeing a majority stake in Greece's biggest oil refiner from entering two of its sites in protest at plans to privatize the utility, a union spokesman said.

While privatizations have been a key part of successive bailout agreements Greece has struck since 2010, they have been met with strong political resistance.

Vecernje Novosti reports that the interested companies are Chinese Zijin Mining, Ugold Limited based in Cyprus and backed by Russian capital and Canadian-Finnish investment fund Champion Iron.