TORONTO (miningweekly.com) – Multinational miner Eldorado Gold has received two favourable court decisions in Greece, allowing it to accelerate construction activities at the Skouries gold/copper project, in Halkidiki, in northern Greece.
Construction of the project came to a halt in March, when the then newly elected Greek government revoked the final construction approval for Skouries.
TSX- and NYSE-listed Eldorado reported that the two decisions, both in favour of its Greek subsidiary Hellas Gold, were related to forestry land and site clearing rights at the project.
"The decisions of the Council of State confirm once more the legality of our activities in northern Greece. This will allow Eldorado to accelerate construction activities… generating additional long-term employment opportunities for the Greek people and taxes [for] the Greek government,” Eldorado CEO Paul Wright commented, adding that mining was one of the industries that could help kick-start the cash-starved Greek economy and support the beginnings of a recovery.
Eldorado had mining, development and exploration operations in Turkey, China, Greece, Romania and Brazil.