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Search Results for: Skouries

Eldorado Gold seeks strategic partner in Skouries

Eldorado Gold Corp is open to discussions on potentially paying higher royalties in Greece as it seeks permits needed to restart work at its stalled Skouries development, chief executive officer George Burns said on Monday. The Canadian miner will also seek a strategic partner to help fund the $680 million …

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Eldorado Gold demands €750mn compensation from Greece for Skouries delays

Hellas Gold, the Greek subsidiary of Canadian Eldorado Gold, has filed an Application of Payment demanding a compensation of 750 million euros from the Greek state for delays in its investment project in Skouries. Prompt was the reaction by the Greek Energy Ministry that said Skouries was only one of …

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Greece to kick off arbitration process over Eldorado Gold project Skouries

Eldorado Gold will face Greek officials in an arbitration court later this month as the country’s government sees the move as the preferred way to settle its differences with the Canadian miner. The country’s Energy Minister George Stathakis met representatives from Eldorado’s local unit Hellas Gold in Athens on Wednesday to discuss …

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Skouries: Anti-Gold candidate Michos ousts pro-mining mayor Pachtas

It was a slim but clear win for Yiannis Michos, mayor candidate for Aristotelis municipality and member of Anti-Gold Mining Movement in Chalkidiki. Michos received 8,031 votes and won with 51,79% over pro-mining mayor Christos Pachtas who got 7,374 votes and 46,95%. Ierissos residents celebrate the win of Anti-Gold movement …

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Skouries: Eldorado Gold announces delay in Greek and Romanian projects

Slowly and gradually it looks as if Canadian Eldorado Gold steps backs and reconsiders its plans of gold mining in Greece and Romania. Official justification is the sliding prices of gold.I don’t how if there were protesters in Romanian project, but things are expected to calm down in Halkidiki peninsula …

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Skouries: 7 policemen injured, 3 women protesters in handcuffs over anti-gold mining protest

The gold mining site in Skouries turned into a boiling cauldron on Sunday as protesting residents moved to hinder the company’s vehicles form approaching the work site. The clash between residents and riot police ended with 7 policemen and one resident in the hospital and three women in handcuffs. Greek …

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Skouries Gold Mine: Clashes between residents & police, tear gas in school

Broader clashes between angry residents and police started on Tuesday morning in Ierissos, Chalkidiki, the area where the disputed gold mining triggers tension. Greek media report that the residents started the incidents when they attempted to hinder police units from searching in some homes of the area. picture @katerinaelikaki Tear gas in school …

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Skouries: Teargas, Injuries and Detentions in Anti-Gold Protests

Teargas, hurled stones,  minor injuries and detentions make the scenery of the protest in Skouries where several hundreds residents gathered and local organisations on Sunday to protest gold mining facilities. While the incidents are not covered by mainstream television channels, a number of newsportals and tweets ( Twitter #skouries also reporting  in English) report …

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Greece grants Eldorado Gold permits for mining project

Eldorado Gold confirmed on Tuesday that it has received installation permits for its Skouries project and its Olympias mine from the Greek Ministry of Energy and Environment. Vancouver-based Eldorado has two operating mines and two development projects in northern Greece but has struggled with delays at Skouries for years. Eldorado …

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Gov’t to unblock stalled Eldorado Gold mining investment project

Mitsotakis government is determined to unblock big investment projects with two of them being Ellinikon at Athens Riviera and the other one the Eldorado mining project in Halkidiki, North Greece. While the Prime Minister is meeting with Spyros Latsis on Elliniko n Project, his energy minister Kostis Hatzidakis met with …

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Eldorado Gold wins key arbitration battle in dispute with Greek state

Canada’s Eldorado Gold  has won a key battle in its ongoing row with Greece after an arbitration panel ruled in favor of the company’s technical plans to build a metallurgy plant to process  concentrate mined from Skouries and Olympias in Northern Greece. The panel rejected allegations that a technical study …

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Eldorado Gold reports in-line 2017 gold production incl projects in Greece

Shares in Eldorado Gold were slightly up on Tuesday after the company announced full-year production that came in line with production guidance, but suspended its semi-annual dividend payment “pending the results of the technical reports and potential subsequent capital requirements.” In a press release, the Vancouver-based miner revealed that, including …

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Lamda Development warns Greek State over obstacles in Hellinikon investment project

Just hours after Eldorado Gold announced it suspends it Skouries project in Northern Greece, another big investor, the Lamda Development, warns the Greek government over violation of terms of the agreement in Hellinikon investment project. In a statement issued on Friday, Lamda Development states that the unconventional decision of the …

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