Economy

Gov't to grant permits for Eldorado Gold's Olympias project this week

Gov't to grant permits for Eldorado Gold's Olympias project this week”

Eldorado's common shares trade on the Toronto Stock Exchange (TSX: ELD) and the New York Stock Exchange (NYSE: EGO). Concerns over the environmental impact of the company's operations have resulted in the government dragging its feet with some permits and other approvals for the expansion of its existing Olympias mine and the Skouries development project. "Open dialogue with the Government would be the Company's preference rather than legal recourse and arbitration but we are confident that any potential arbitration will again demonstrate Eldorado's adherence to all applicable laws and regulations and its commitment to developing its Greek assets safely, responsibly and with utmost care for the environment". Seventy-eight percent of Eldorado's capital spending is dedicated to these two mines and they represent some of the company's lowest-cost operations.

Greece will grant Canada's Eldorado Gold outstanding permits for its Olympias project this week, its Energy Minister George Stathakis said on Wednesday.

"We do that all the time when we see that Canadian companies operating overseas are not treated fairly in light of the rights and the regulations in that country and I will remake that case to my counterpart over the phone", Champagne said.



Like this

Latest


13 September 2017
Amazon Might Eventually Have Something in Common With the Boston Red Sox
The new headquarters would bring a $5 billion investment and 50,000 new jobs over the next two decades to whichever city gets the gig.

13 September 2017
Floyd Mayweather Has Seven Girlfriends Because For Him One Isn't Enough
Mayweather has been linked with a string of girls, including British retail assistant Rmarni Ellis . And when asked how many girlfriends he has, Mayweather provided a bold response.

13 September 2017
North korea: The nuclear test was 16 times more powerful than Hiroshima
Information on variations in the earth's crust is transferred to the analysts, in agreement with the Organization of the Treaty on comprehensive ban of nuclear tests.

13 September 2017
1 dead, 3 in hospital after leaving generator inside home
When emergency officials arrived, they found six people suffering from carbon monoxide poisoning symptoms. The deputy was overcome by fumes while approaching the home and called for fire rescue.

13 September 2017
Ragini MMS Returns Teaser Released
In the 1 minute 38 seconds video, Riya and co-actor Nishant Malkani are seen getting intimate in a lovemaking scene. In one of the poster, Karishma is topless showing off her voluptuous body all heat up with the co-star Siddharth.

13 September 2017
Visita Cruz Azul a Puebla
Actualmente son décimo cuartos con 90 puntos, superando por siete unidades al Atlas , seis a Veracruz y uno a Querétaro . Aún así, el cuadro de Paco Jémez parece que ha encontrado el ritmo.

13 September 2017
Watching Shares of Advantage Oil & Gas Ltd (AAV) — Technical Focus
When charted, the RSI can serve as a visual means to monitor historical and current strength or weakness in a certain market. Investors might also notice that three month ago the Buy recommendations (0) were less than Sell recommendations (1).

13 September 2017
Apple stealthily hikes iPad Pro price - Is Brexit to blame?
Prior to Tuesday's Apple rollout, consumers could purchase the 256GB and 512GB 10.9-inch iPad Pro for $749 and $949, respectively. We've reached out to Apple for confirmation on the price hike and will update this article if a response is forthcoming.

13 September 2017
Kylie Jenner Reveals Why She Decided to Get Lip Injections
And in the latest episode of Life of Kylie , she revealed why. This isn't the first time Kylie recounted this story. I don't know, it just really affected me.

13 September 2017
Target to launch new home decor line with Chip, Joanna Gaines
We couldn't agree more. "That's the magic of Target, and we can't wait for our guests to enjoy this collection for years to come". And they continue to prove that that by celebrating this new partnership with a redesign of the Target House at St.



Recommended