Jan 11 (Reuters) - Eldorado Gold Corp ELD.TO :
* Announces amended investment plans in Greece
* Says will implement significant changes to its investment plans in Greece
going forward
* Construction and development activities at skouries project (with over US$300
million invested to-date), will be suspended
* Environmental protection works and care and maintenance activities will
continue to be performed
* Hellas gold is presently unable to complete development plans in halkidiki
due to actions and/or inactions of ministry ,other agencies
* Environmental protection works and care and maintenance activities to be
performed at US$1 million per month
* Hellas gold is presently unable to complete its development plans in
halkidiki
* Says is currently evaluating the merits of implementing stratoni mine
programme in light of current investment climate in Greece
* As part of phase 2 of olympias project,underground mine is being readied to
produce ore at mining rate of about 385,000 tonnes/year
* As of Q1 2017, ore from mine will then be treated at olympias mill,where
refurbishment at a cost of about US$55 million to be completed in 2016
* Should ministry fail to issue installation permit by end of q1,hellas gold
will be forced to suspend all activities at olympias project
* Eldorado is currently evaluating merits of implementing stratoni mine program
in light of current investment climate in Greece
* Source text for Eikon ID:nPn5t7qwr
* Further company coverage ELD.TO