Qataris are eyeing Greek gold reserves

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.

“Qatar played the part of a bank,” said an official of Hellenic Gold, the company that has the license for the installation at Skouries in northern Halkidiki. Qatar issued a $600 million loan with interest of 7 percent, which Hellenic Gold considered “within the market’s boundaries.”

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