×
GreekEnglish

×
  • Politics
  • Diaspora
  • World
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Cooking
Friday
16
Oct 2026
weather symbol
Athens 15°C
  • Home
  • Politics
  • Economy
  • World
  • Diaspora
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Mediterranean Cooking
  • Weather
Contact follow Protothema:
Powered by
> Economy

Canadian miner company suspends its mine construction in Greece

The company warned that it would do the same at Olympias project if it did not receive a permit by the end of March

Newsroom January 12 10:43

Δείτε περισσότερα άρθρα μας στα αποτελέσματα αναζήτησης

Add Protothema.gr on Google

Canadian miner Eldorado Gold Corp on Monday said it will suspend its mine construction and development in Greece following a year of confrontations with the Greek government including permits being revoked and delayed by the state, according to Reuters.

Eldorado said it will suspend construction at its Skouries project and warned that it would do the same at Olympias project if it did not receive a permit by the end of March, Reuters said.

The company has halted development work its Perama Hill and Sapes projects but could restart at a later date, while it is also considering whether to halt future expansion of its Stratoni mine, which has around three years of life left.

Eldorado company said that it would prefer to create more jobs and carry on with construction and development in Greece.

>Related articles

Greece inflation Hits 5.1% in September as Eurozone Rate Rises to 3.8%

Union of Greek Shipowners donates €700,000 to new chronic care facility in Kilkis

From the Property Ownership Register to new audit centres: AADE’s seven new measures

“However, we have a duty to all our stakeholders and the significant time and process risks created by Greece’s Ministry of Energy and Environment have left us with no choice but to reduce activities and personnel,” Eldorado Chief Executive Officer Paul Wright said.

Eldorado has created about 2,000 direct jobs in Greece, it said. It did not say, however, how many jobs would be affected by its reduction in activities. The company has invested more than 300 million dollars in the Skouries project.

Eldorado will hold a press conference in Athens at 11 a.m. local time on Tuesday and a conference call at 3 p.m.

Ask me anything

Explore related questions

> More Economy

Follow en.protothema.gr on Google News and be the first to know all the news

See all the latest News from Greece and the World, the moment they happen, at en.protothema.gr

> Latest Stories

Albania: Anti-Rama student protests spread nationwide, with clashes, injuries and arrests

October 16, 2026

Mitsotakis in Brussels: “We won’t blow the budget for the election” – Door left open to further support measures

October 16, 2026

CBS News: US faces critical shortage of interceptor missiles, with stockpiles not expected to recover until 2030

October 16, 2026

Turkey issues second Anti-NAVTEX in hours, challenging Cyprus’s EEZ and EMC cable survey operations linking Asia and Europe

October 16, 2026

€114m VAT fraud involving smartphones; Arrests in Cyprus, Germany and Italy, searches also in Greece

October 16, 2026

Network of 30 companies, €5.6 million fraud and asset freezes: The case involving Filippos Kampouris

October 16, 2026

“The future of luxury hospitality has people at its heart”: How a top hotel group prioritises employees as much as guests

October 16, 2026

Houthis strike Yemen’s Presidential Palace with missiles and drones: Five dead, Prime Minister & cabinet ministers safe

October 16, 2026
All News

> Greece

In reverence, the emotional deposition in Jerusalem, see photos & video

The Holy Temple of the Resurrection opened after many days due to the war between Israel and Iran

April 10, 2026

In the final stretch for the accreditation of joint master’s degrees: Aiming for their launch in the coming academic year

April 10, 2026

Schedule for Epitaph Procession today (10/4)

April 10, 2026

Perfect weather for Easter excursions, according to Tsatrafyllia’s forecast

April 10, 2026

Easter in Greece: The customs that continue in Greek tradition – From Nafpaktos to Corfu

April 10, 2026
Homepage
PERSONAL DATA PROTECTION POLICY COOKIES POLICY TERM OF USE
Powered by Cloudevo
Copyright © 2026 Πρώτο Θέμα