Beleaguered Canadian miner Eldorado Gold Inc. (TSX:ELD) (NYSE:EGO) is facing renewed antagonism to its projects in Greece.
France Press reports that hundreds of demonstrators marched in Athens on Jan. 12 against Eldorado’s Hellas gold project in the northern region of Halkidiki, as locals claim it is causing irreversible damage to the environment.
Several citizens’ groups, backed by the radical leftist party Syriza that is now the second largest group in parliament, have been trying to wreck the project since 2011, when Eldorado was granted its exploration licence.
In November last year riot police barred about 3,000 people protesting against the company’s plans in the country. While no incidents were reported, locals are divided about the company’s planned operations.
Currently, Vancouver-based Eldorado is involved in four gold projects in Greece, all of them located in the north of the country.