Aug 20 (Reuters) - Eldorado Gold Corp ELD.TO :
* Provides Greece update
* Confirms unit to to suspend all its mining and development activities in Halkidiki, northern Greece, commencing week of August 24
* Suspension is direct result of revocation by Greece's ministry of energy of technical studies of its projects in Halkidiki
* Hellas Gold taking legal action against decision of Ministry of Energy, including filing of injunction request before Council of State
* Says at this point, Eldorado is unable to provide guidance with respect to timing of any potential court decision
* To continue to perform essential environmental protection works at its three sites in Halkidiki - Stratoni, Skouries, and Olympias
* Hellas Gold would be left with no option but to terminate employees if the permits were not reinstated"
* Estimates 5,000 direct and indirect jobs have been created in Greece as a result of its mineral investment in the country
* Cannot and will not continue to allocate expenditures to projects in Greece while the Ministry of Energy is openly hostile to co's activities
* Hellas Gold will be forced to suspend majority of its employees in Greece for up to 3 months on terms accordance with Greek labor legislation
* Currently, Hellas Gold and its contractors employ 2,000 persons directly in Halkidiki"
* Source text for Eikon ID:nPn5TwTcX
* Further company coverage ELD.TO