Foreign investment: Greece opposes Canadian gold mine

ATHENS: Greece’s new left-wing government will cancel plans to sell the state natural gas utility and is firmly opposed to a Canadian-run gold mine that is among the biggest foreign investment projects in the country, said the energy minister. The comments on Friday by Panagiotis Lafazanis further reinforces early signs that the government is sticking to campaign pledges that have chilled investment and unnerved financial markets. The Skouries gold mine operated by Vancouver-based Eldorado Gold Corp in northern Greece was the flagship project of the last government’s foreign investment drive and considered a test case that would reveal whether Greece could protect foreign investors despite local opposition. “We are absolutely against it and we will examine our next moves on it,” said Lafazanis.

Published in The Express Tribune, February 1^st, 2015.

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