Eldorado Gold determined to stay in Greece

Eduardo Mura, vice-chairman of Eldorado Hellas, speaking to reporters during a news conference in Thessaloniki on Tuesday, said: “There is no evidence that the company was considering to leave”, adding that Eldorado has tripled the number of its workers in one year and reiterated that exports could reach 1.0 billion US dollars annually when its activities reached full production

He noted that the company has offered a 50-million-euro letter of guarantee to safeguard environmental restoration and stressed that the investment was boosting liquidity in Northern Greece by 800,000 euros daily.amna

Mura said the company has completed investments worth 100 million euros in the last 12 months in its goldmines in Chalkidiki and Thrace and planned to invest around 1.0 billion euros over the next five years. He said the company “has many reasons to believe it had the support of the majority of citizens in the municipality of Aristoteles. “We are open and receptive to a rational dialogue to win the the confidence of those reacting,” he said.

Petros Stratoudakis, chief executive of “Hellenic Gold” said the company will soon become the first company in Greece –since the crisis- to sign a wage increase contract with its workers.

Source: AMNA