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Eldorado says suspension of mining in Greece will cost 600 jobs

Published 2016-01-12, 04:47 a/m
© Reuters. Eldorado says suspension of mining in Greece will cost 600 jobs
ELD
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ATHENS, Jan 12 (Reuters) - Canadian miner Eldorado Gold
ELD.TO expects that the suspension of much of its mine
activities in Greece after confrontation with the country's
leftist-led government will cost more than 600 jobs, its chief
executive said on Tuesday.
Eldorado has said it would suspend construction at its
Skouries project in northern Greece, warning that it would do
the same at its Olympias project if it did not receive a permit
by the end of March.
"Our investment is treated as a political toy, we never
anticipated this," CEO Paul Wright told reporters in Athens. He
will meet with leaders of political parties and Energy Minister
Panos Skourletis in the next days.
Wright said the treatment of Eldorado by the Greek
government would be seen as a litmus test by other potential
investors in the country.

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