Eldorado Gold gets licence for Olympias mine project in Greece

ATHENS – Canadian miner Eldorado Gold’s Greek unit Hellas Gold said on Tuesday it was granted a licence from Greece’s environment and ministry because of its Olympias mine project.

The Vancouver-based miner had been in a dispute using the Greek government over plans to develop gold mines inside a forested area in northern Greece, with Athens voicing environmental concerns within the project.

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“The work can now continue so that from the first quarter of 2017 the ore that’ll be produced in the mine is going to be processed in the Olympias facility,” Hellas Gold said.

Eldorado has invested about US$700 million to build up the Skouries and Olympias mines since 2012 and plans to invest another US$1 billion within the projects.

? Thomson Reuters 2016