Eldorado Gold Is Going To Remain In Greece - Does Not Plan To Leave

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The Eldorado Hellas Company is determined to stay in Greece and on Tuesday it dismissed recent reports that claimed that the company was thinking about leaving the country. While speaking to reporters at a news conference in Thessaloniki on Tuesday, the vice-chairman of Eldorado Hellas, Mr. Eduardo Mura said:

    "There is no evidence that the company was considering to leave".

At the same time he added that Eldorado has tripled the number of its workers in one year and reiterated that exports could reach US $1.0 billion annually when its activities reached full production capacity.

Mr. Mura 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 a day. He also revealed that the company has completed investments worth 100 million Euros in the last 12 months in its goldmines in Chalkidiki as well as in the region of Thrace and was planning to invest a further 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.

On his part, Petros Stratoudakis, who is the chief executive of "Hellenic Gold", said that the company is going to soon become the first company in Greece “since the crisis- to sign a wage increase contract with its workers.