| Greece says Eldorado must resume mining operations before talks on investment can continue | |
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ATHENS, Jan 14 (Reuters) - Greece has asked Canadian miner Eldorado Gold Corp to reverse its decision to halt much of its Greek mining operations and safeguard jobs as a condition for the two parties to continue talks on the country's biggest foreign investment. "We can't discuss while being blackmailed," he said. Eldorado went to Greece's top administrative court to annul the government's decision to revoke its mining permit and a majority of judges in the court ruled in its favour in November, but the official decision is still pending. The government has also delayed several other licences Eldorado needs to develop its projects on the Halkidiki peninsula. Greece needs investment to spur its economy but the leftist government has shown a reticence to allow foreign ownership of big projects. Eldorado has created around 2,000 direct and indirect jobs in Greece, which suffers from a jobless rate of 25 percent, the highest in the euro zone. The Canadian company has spent more than $700 million since 2012 when it took over the project on the Halkidiki peninsula and planned to invest another $1 billion in its quest for gold, copper and zinc at the Olympias and Skouries sites. (Reporting by Angeliki Koutantou; Editing by Susan Fenton)
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Eldorado Gold Corporation
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PRODUCER |
CODE : ELD.TO |
ISIN : CA2849021035 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Eldorado Gold is a gold producing company based in Canada. Eldorado Gold produces gold, iron in Brazil, in China, in Mexico and in Turkey, develops gold and silver in China and in Greece, and holds various exploration projects in Brazil and in China. Its main assets in production are KISLADAG and EFEMÇUKURU in Turkey, LA TRINIDAD - ELDORADO in Mexico, TANJIANSHAN, JINFENG, JIANCHALING, WHITE MOUNTAIN and BEYINHAR in China and VILA NOVA in Brazil, its main assets in development are EASTERN DRAGON in China and PERAMA HILL in Greece and its main exploration properties are HEI-SHAN (SHANDONG) and ZHANGJIASHAN in China and TOCANTINZINHO in Brazil. Eldorado Gold is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 14.8 billions as of today (US$ 10.8 billions, € 10.1 billions). Its stock quote reached its lowest recent point on August 03, 2001 at CA$ 0.21, and its highest recent level on April 19, 2024 at CA$ 20.68. Eldorado Gold has 716 820 032 shares outstanding. |