Categories: Greek NEWS

Billions worth of gold deposits in Northern Greece

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According to Professor of Metallurgy of the National Technical University of Athens, Ioannis Paspaliaris, there is €18 billion worth of gold, zinc and lead deposits in Northern Greece ready to be exploited by mining companies.

Speaking at an event organised by the Mining Operators Association during the 83rd Thessaloniki International Fair, Paspaliaris added that given the International demand for the metals, in particular by huge markets like China, it was time to explore mining possibilities.

At the same event, Eldorado Gold Vice-President of European Government Relations, Andor Lips, stated that Eldorado Gold have invested $1.5 billion in Greece to date and created a total number of 2,500 jobs.

“Essential prerequisites for an additional $ 1billion in investments to double jobs is a stable institutional framework and a clear timetable for its implementation,” he added.

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This post was last modified on September 11, 2018 9:50 pm

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