22 August 2018

Playing "cat and mouse" with Eldorado

13 September 17 - RE+D Magazine


Solum Property Solutions

Consultant - GREECE

IBI Group

Consultant - GREECE


Consultant - GREECE


Public entity - GREECE


Antulio Richetta

Director IBI Group
As announced earlier by Environment and Energy Minister George Stathakis, the environment ministry on Wednesday issued two licenses needed for Eldorado Gold's mining investments in Olympiada.


The first modifies a license for an electromechanical installation in the area for depositing residues and outlines how tailings from the Olympiada plant can be stored.

The second license allows the company's subsidiary Hellas Gold to operate new electromechanical equipment in the Olympiada enrichment plant for three years, with the proviso that the amount of processed metal each year does not exceed 400,000 tones and appropriate measures are taken to protect the health and safety of workers, etc.

In an announcement, Hellas Gold said it was satisfied by the minister's statements but "we have not yet received the licenses in person. We await the licenses still pending, both for Olympiada and Skouries, immediately."


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