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News Breaks | | | | July 4, 2012 | | 16:39 EDT |  | EGO | Eldorado Gold says court decision suspends tree cutting in Halkidiki
Eldorado Gold announced the Council of State of Greece - the country's Supreme Administrative Court -issued a "Provisional Order" on June 29, suspending any intervention in a forest area in Halkidiki owned by Hellas Gold S, a 95% owned subsidiary of Eldorado in Greece. Hellas Gold has a 100% interest in the Stratoni Mine, as well as the Olympias and Skouries projects in the Halkidiki region of northern Greece. The Provisional Order prevents Hellas Gold from continuing with tree cutting activities at the Skouries project and in certain areas of Stratoni. The other operational, development and exploration activities of Hellas Gold at the Stratoni Mine, Olympias, Skouries and Piavitsa Projects remain unaffected and will continue to advance according to plan. The Provisional Order does not provide any specific reason for the temporary suspension of the tree cutting activities. | |
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