Canadian Eldorado Gold hints “it may abandon Greek investment”

Greek Gold,  branch of Canadian Eldorado Gold leaves open the possibility to withdraw from Greece, justifying the reactions to gold mining in Chalkidiki and Thrace in petty interests of local communities. Speaking at a press conference on Tuesday, CEO of Greek Gold P. Stratoudakis said “The question is whether a country can formulate a clear and methodical investment landscape. If there is such [a landscape] the company will stay.”

Stratoudakis said further that “the country and the government seek investment. However I maintain doubts whether it can deal with investments of this magnitude.

Presenting the economic and environmental figures of gold mining in Greece, the representatives of Greek Gold stressed that “the total investment of the company in Greece will exceed one billion dollar in the next five years and that will increase exports to one billion dollar per year from the productions of gold, copper, lead, silver and zinc.

State revenues from direct taxes are estimated to be 1.6 billion euro in the next 20 years, while the direct and indirect work places will reach 5,000. (Athens News Agency via euro2day.gr)

Eldorado Gold investment in Greece triggered mass protests in Skouries, Chalkidiki, with residents opposing it for environmental reasons.

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