Eldorado Gold to suspend its investments in Greece

The Canadian mining company Eldorado Gold announced on Monday that it is suspending all investment activities in Greece, including the operation of its mines in Skouries, Olympiada and Stratoni, development works and its research projects in Greece.

“Despite continuous efforts made by Eldorado and its subsidiary Hellas Gold to cooperate constructively with the Greek government, the environment and energy ministry and other state services, there are ongoing delays in the issue of routine licences for the construction and development works at Skouries and Olympiada in Halkidiki,” said Eldorado’s announcement.

The company said that it will re-evaluate its investment options in Greece after the approval and issue of the required licences, in cooperation with a supportive government that is open to discussion on the use and implementation of the best available technologies.