Eldorado Gold CEO cites prospect of higher royalties for mining in Greece

Reuters this week reported that Canadian multination Eldorado Gold may consider negotiations with the Greek government over possibly paying higher royalty fees for its gold mining operations in Halkidiki prefecture, according to naftemporiki.gr.

The news agency quoted Eldorado Gold CEO George Burns, who spoke on the sidelines of the Denver Gold Forum.

He also added that the Vancouver-based firm is seeking a strategic partner to cover upcoming operations, to the tune of 680 million USD. 

Reuters also quoted Energy and Development Minister Kostis Hatzidakis as confirming that the new center-right Greek government wants to “secure higher royalties from its mining development projects and new jobs.”

RELATED TOPICS: GreeceGreek tourism newsTourism in GreeceGreek islandsHotels in GreeceTravel to GreeceGreek destinationsGreek travel marketGreek tourism statisticsGreek tourism report

 

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