ATHENS (Reuters) – Greece is in talks with Canada’s Eldorado Gold to secure higher royalties from its mining development projects and new jobs, Energy Minister Kostis Hatzidakis said on Monday.
Vancouver-based miner Eldorado has two operating mines and two development projects in northern Greece and its planned investment is viewed as one of the biggest in the country in years. The projects have, however, repeatedly stalled over licensing delays and environmental concerns.
They have become flagship schemes for Greece’s new conservative government, which took office in July with a pledge to unblock foreign investments and help boost economic output crimped by a quarter through years of financial turmoil. Continue Reading →