Canadian mining company Eldorado Gold has received two permits relating to the tailings management facility in Kokkinolakkas, Greece. 

The permits were granted by the Ministry of Energy and Environment include the Olympias operating permit valid for three years from the date of issue, and the modified electromechanical installation permit.

Eldorado Gold president and CEO George Burns said: "This is a positive step forward; however, we are still waiting on other permits. 

"Open dialogue with the government would be the company's preference rather than legal recourse and arbitration but we are confident that any potential arbitration will again demonstrate Eldorado's adherence to all applicable laws and regulations and its commitment to developing its Greek assets safely, responsibly and with utmost care for the environment." 

"We are confident that any potential arbitration will again demonstrate Eldorado's adherence to all applicable laws and regulations."

The development comes days after the company revealed its plans to suspend investment at its operating mines in the country over alleged delays in obtaining permits and licences in connection with the Skouries and Olympias projects in Halkidiki.

Separately, the company’s Greek subsidiary Hellas Gold has received a notice from the government, signalling the beginning of domestic arbitration, which alleges a violation of contracts.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The company is still waiting for approval of the technical study for the old Olympias Mine closure and the installation permits for the paste plants at Olympias, as well as the amended electromechanical installation permit for the Skouries flotation plant. 

In addition, matters relating to the relocation of antiquities at the Skouries site are still pending. 

The company said that it would reconsider its investment options in the country based on the outcome of the pending approvals and the arbitration process.