Eldorado's vice-president, Nancy Woo, says opponents’ concerns are unfounded, as the gold mine will follow all the essential European Union and Greek environmental rules.
According to local and social media, police used tear gas against protesters and even fired a canister directly into the head of a 15 year-old high school student.
Meanwhile try avoiding Indonesia, Vietnam, Venezuela, Democratic Republic of Congo (DRC), Kyrgyzstan, Zimbabwe, Bolivia, Guatemala, Philippines, and Greece, says Canada's leading public policy think-tank.
Close to 40 masked intruders stormed into the Skouries project's facilities, causing extensive damage with firebombs and flammable liquid.
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.
Despite ongoing opposition, Canada’s Eldorado Gold Inc. is gearing up to start production at its 95%-owned Hellas Gold Mine in Greece, as authorities reportedly have woken up to the potential of the country’s mining industry.
The Vancouver-based miner posted its 2012 results Wednesday.
Thousands of protesters marched Saturday in the northern Greek city of Thessaloniki against what they believe are environment-threatening gold mining projects, owned by Canadian Eldorado Gold Corp, (TSX:ELD) (NYSE:EGO).
The ongoing battle over renewable energy between China and the European Union got a lot worse Monday, after Beijing filed a complaint to the World Trade Organization charging the EU with violating rules governing subsidies to its solar-components industry.
It’s not just the ancient ruins that are deteriorating in Greece. With unemployment at 25% and youth unemployment more than 50%, the country’s very social fabric is at risk of unravelling, as austerity’s chokehold produces street clashes and clouds of tear gas.
With Germany’s leaders telling us that the exit from the Eurozone by Greece no longer holds terror for them, we understand that they are prepared for such an eventuality.
Eldorado Gold added more than 3% on Tuesday after announcing Greece's top administrative court had revoked a provisional order issued on June 29 which suspended the surface clearing activities of Hellas Gold, a 95%-owned subsidiary of Eldorado, in Halkidiki, Greece.
The risk of a Greek exit from the Eurozone "has moved towards next year," and "markets will be concerned about how narrow the margin of victory" was for the pro-bailout party say analysts.
A country that represents less than 2% of the Euro block and a tiny fraction of the world economy continues to be the tail that wags the dog.
Gold miners were caught in an ugly slide in the S&P/TSX Composite Index today, which shed 215 points in reaction to another poor economic report coming out of the US.
Eldorado Gold's updated guidance stresses the integration of newly acquired assets in Greece and Romania to help achieve 1.7 million ounces of gold production company-wide in five years.
Canadian miner Eldorado Gold (TSX:ELD) (NYSE:EGO), which recently closed its acquisition of European Goldfields, expects its yearly gold production to touch 1.7 million ounces within five years as it brings new mines into production.
The $2.5 billion deal saw European Goldfields add 6.4% in afternoon trade on Tuesday while Eldorado gained 6% to bring their combined market value to $10 billion.
To avoid Greece defaulting and exiting the Euro, European Central Bank officials have been trying to square a circle. They are funding a bankrupt country, avoiding expansionary monetary policy that the Germans hate and trying to avoid crippling haircuts to holders of Greek debt.
Two large Hitachi excavators are bringing advanced technology to an ancient copper mine in Cyprus. The ZX870LCR-3 and ZX470LCH-3 have been working at the site, which dates back more than 4,000 years, since early 2011. Cyprus was the main source for the…
Gossan Resources Limited (TSX VENTURE:GSS)(FRANKFURT/FREIVERKEHR & XETRA:WKN 904435) has signed a Letter of Intent (LOI) with East Mining Company SA ("EMC") of Athens, Greece, to investigate and examine the possibilities of acquiring mineral projects within Europe, on a non-exclusive basis, and initially to assess three potential projects in Greece. Additional projects may be pursued.
Qatar is joining the field of gold mining in this country after a recent agreement by the Qatar Investment Authority to fund the Hellenic Gold investment in Halkidiki, northern Greece.
In what seemed to be a major breakthrough for debt-ridden Greece, it had gained trust from a Qatar-based holdings firm to invest in one of its gold-mining projects. On Saturday, Qatar Holdings LLC signed a $1 billion investment into European Goldfields
ATHENS (AFP) – Cash-strapped Greece could save billions of euros in environmental and health costs by abandoning a reliance on coal-fired electricity production, Greenpeace activists said on Thursday. "At a time when Greek citizens are making
European Goldfields has raised its total resource and reserve estimates due to revised figures from its Skouries and Olympias projects in Greece, prompting a rise in its shares.
Gold futures added to record levels set earlier on Tuesday as Europe finance ministers consider allowing Greece to default on some of its debt, Italy's borrowing costs soar and US Federal Reserve minutes indicate the possibility of additional financial stimulus.
Gold is considered a hedge against inflation and further quantitative easing could flood financial markets with cheap money as it did in the previous round – QE2 – when US monetary authorities injected some $600bn to drive down interest rates. Gold for August delivery on the New York Mercantile Exchange was trading at $1,568.40 an ounce in late trade after settling at a record $1,562.30 an ounce earlier.
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