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Greece aims to resolve Eldorado standoff over metallurgy plant soon

By: Reuters     22nd May 2018 Greece aims to resolve a long-standing standoff with Canada's Eldorado Gold over its development plans in the coming weeks, the Energy Ministry said on Tuesday. The differences between Eldorado and the government over the miner's plans to produce gold and other metals in the northern Greek... 

Greece's Mytilineos expects positive alumina performance

By: Reuters     3rd May 2018 Mytilineos sees positive prospects for its alumina business in Greece despite surging alumina prices, the Greek industrial group said on Thursday. Its vertically-integrated feed and lower production costs have shielded it and created "positive prospects" for its alumina business in the short... 

German ruling likely blessing in disguise for platinum - RBPlat 

By: Martin Creamer     6th March 2018 The German Federal Court ruling on diesel car emissions, which could cost transgressors eight-billion euros in fines a year, is seen as a likely blessing in disguise for platinum, Royal Bafokeng Platinum (RBPlat) CEO Steve Phiri said on Tuesday. The global backlash against diesel-engine cars,... 

Greece's Mytilineos offers to upgrade Public Power coal plant – source

By: Reuters     12th February 2018 Greek industrial group Mytilineos has offered to pay for the revamp of a major coal-fired plant owned by State-controlled Public Power Corp (PPC) to keep it operational after 2019, a source at Mytilineos said on Friday. Mytilineos submitted a proposal to PPC suggesting that it, possibly with... 

Eldorado's suspension threatens Greece's investment image

By: Bloomberg     12th September 2017 Eldorado Gold has put Greece on the spot. The Canadian mining company’s decision on Monday to suspend all its operations in Greece, citing delays in acquiring routine permits, puts the Syriza government of Prime Minister Alexis Tsipras in a difficult position.  

Gold mines offer great potential for Greek economy amid ongoing turmoil

By: Ilan Solomons     4th September 2015 It is no secret that economic turmoil and extreme uncertainty in Greece pose major threats to the global economy. However, in the face of several setbacks and challenges, not least Greece's left-wing government, multinational miner Eldorado Gold operations offer great potential for the Greek... 

South32 listing reinforces WA’s position as resources leader – Deloitte

10th June 2015 The listing of BHP Billiton spin-off South32 on the ASX, at a market capitalisation of $117-billion, pushed up advisory firm Deloitte’s Western Australian Index by 11.9% during May, to close the month at $146.6-billion. Deloitte said on Wednesday that the iron-ore price, which peaked at $61.50/t... 

Village posts dented Q1 profits, output

By: Natalie Greve     12th November 2014 Despite losing four production days as a result of an earthquake on August 5, JSE-listed Village Main Reef’s Tau Lekoa mine, in the North West, exceeded production expectations for the quarter ended September 30, producing 28 742 oz (894 kg) of gold in the three months. The gold miner said in a... 

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