By analyst
Canada’s Eldorado Gold’s (TSX:ELD)(NYSE:EGO), Greece’s biggest foreign investor, has decided to suspend all operations in the country due to government delays in issuing permits for Skouries and Olympias, two of the company’s key projects.
Chief executive George Burns said in the statement the company was “unable to continue investing” in Greece because of the lengthy wait for the necessary licences. The suspension will take effect on Sept 22.
“It is extremely unfortunate to find ourselves at this impasse when we should be advancing an important commercial project in partnership with Greece and adding another 1,200 jobs to our current workforce of approximately 2,400 people in Greece,” Burns said.
More to come…
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Source:: Infomine
The post Eldorado Gold to halt all operations in Greece appeared first on Junior Mining Analyst.