BUSINESS

Environment Ministry approves Eldorado Gold test drilling

TAGS: Business

Greece has approved a technical study for test drilling by Canada’s Eldorado Gold Corporation at one of its mine fields, the Energy Ministry said on Monday.

Vancouver-based miner Eldorado has been operating mines and development projects in northern Greece.

The study involves some 59 drills to further explore potential deposits at Eldorado’s Mavres Petres site in northern Greece, aiming at prolonging the mine’s lifespan, the ministry said in a statement.

Greece has been in talks with Eldorado on a revised investment plan to secure higher royalties from mining development projects and new jobs.

The ministry said on Monday that these talks are ongoing.

[Reuters]

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