Eldorado suspends several Greek construction projects

Canadian project developer Eldorado Gold will suspend most of its construction projects in Greece, citing the actions and/or inactions of the Ministry of Energy and Environment. Frustrated with the inefficacy of the ministry to issue routine permits and licences in a timely manner, and compounded by the ministry’s suspension last year of certain of subsidiary Hellas Gold’s permits and licences, Eldorado on Monday advised that it would suspend construction at the Skouries project, in which it had already invested $300-million.