| Eldorado scores legal win over disputed Greek goldmine project | |
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ATHENS, Aug 27 (Reuters) - A top court in Greece ruled on Thursday in favor of Canada's Eldorado Gold over its disputed goldmine project in the north of the country, though the project was expected to remain on ice for the time being, a company executive told Reuters. The decision comes after Prime Minister Alexis Tsipras's leftist government announced last week that it was halting the $1 billion gold mine project run by Eldorado, one of the biggest foreign investments in the country, arguing that the company had violated contractual terms. Eldorado halted its operations at the goldmine in Halkidiki region as a result and put most of its 2,000 employees on suspension. Eldorado's country manager for Greece Eduardo Moura said on Thursday that the court ruled in favor of Eldorado after the company filed a lawsuit in April against Greek authorities on issues including a flash-melting technical study. "The ruling in favor of (Eldorado subsidiary) Hellas Gold is the result of a lawsuit we filed months ago," Moura said. "It doesn't allow us to start activities in Halkidiki but it undermines the argument that the ministry used to revoke our permits," he added. (Reporting by Angeliki Koutantou; Editing by Greg Roumeliotis)
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VanEck Vectors Global Alternative Energy ETF
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PRODUCER |
CODE : ELD.TO |
ISIN : CA2849021035 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Eldorado Gold is a gold producing company based in Canada. Eldorado Gold produces gold, iron in Brazil, in China, in Mexico and in Turkey, develops gold and silver in China and in Greece, and holds various exploration projects in Brazil and in China. Its main assets in production are KISLADAG and EFEMÇUKURU in Turkey, LA TRINIDAD - ELDORADO in Mexico, TANJIANSHAN, JINFENG, JIANCHALING, WHITE MOUNTAIN and BEYINHAR in China and VILA NOVA in Brazil, its main assets in development are EASTERN DRAGON in China and PERAMA HILL in Greece and its main exploration properties are HEI-SHAN (SHANDONG) and ZHANGJIASHAN in China and TOCANTINZINHO in Brazil. Eldorado Gold is listed in Canada, in Germany and in United States of America. Its market capitalisation is 1.1 billions as of today (US$ 806.1 millions, € 736.5 millions). Its stock quote reached its lowest recent point on August 03, 2001 at 0.21, and its highest recent level on October 10, 2024 at 23.35. Eldorado Gold has 47 442 200 shares outstanding. |