Loading ...Close to 4,000 people protested Thursday in Greece against the looming closure of a gold mine owned by Canada’s Eldorado Gold Corp. (TSX:ELD) (NYSE:EGO), the biggest foreign investor in the country.
The mine supporters fear massive job losses because the new radical left-led government decided to revoke the company’s licence to develop the project in Skouries, northern Greece, on environmental and financial grounds.
Police, reports Reuters, closed main roads as angry miners marched to the ministry responsible for environment and development Thursday, where they shouted slogans and banged their hard hats on the ground.
The ruling Syriza party has accused the mining company of encouraging the protests.
Eldorado said last month that it believed there was no legal basis for the government to revoke permission to complete construction of a key ore enrichment plant at the Skouries mine. It also warned the ministry’s decision could force it to reconsider its investment plans.
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