| Greek govt to meet Eldorado over gold mine closure on Monday | |
| | |
|
ATHENS, Sept 25 (Reuters) - Greece's newly appointed government will meet Canada's Eldorado Gold next week to discuss the closure of its Greek gold mine, Energy Minister Panos Skourletis said on Friday. Greece last month revoked Eldorado's permit to develop a mine in the northern region of Halkidiki, seen as one of the top foreign investments in the country, saying the company had violated its contractual terms. Eldorado has suspended its operations at the mine and put most of its 1,300 workers on temporary redundancy. Skourletis, who was reappointed energy minister in the new Greek government formed after Sunday's election, will meet Eldorado Gold officials next week, he told state television ERT. "There will be a meeting on Monday at the ministry," he said. "It will be the first time I meet the company. We will ask them why they are not doing what is specified (in the agreement)." Greece has said Eldorado should have conducted tests of the so called flash-melting method to ensure its mining activities will not harm the environment at the site. The company has done such tests in Finland. "When there is a contract signed with the Greek state, this should be respected. This is not because we want to cause investors trouble but because we want to protect the environment," Skourletis said. Eldorado and its workers have appealed against the government's decision and a Greek court is expected to hear the case on Oct. 2. In addition, Skourletis said the company had violated some other environment guidelines at the site and that he was awaiting the findings of environmental inspectors before next Friday to get the full picture. (Reporting by George Georgiopoulos; writing by Angeliki Koutantou; editing by David Clarke)
|
|
|
VanEck Vectors Global Alternative Energy ETF
|
|
PRODUCER |
CODE : ELD.TO |
ISIN : CA2849021035 |
|
| |
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$ 835.5 millions, € 747.3 millions). Its stock quote reached its lowest recent point on August 03, 2001 at 0.21, and its highest recent level on September 27, 2024 at 23.80. Eldorado Gold has 47 442 200 shares outstanding. |