Financial Times
July 8, 2011
Greece is poised to become one of Europe’s largest gold producers after George Papaconstantinou, environment minister, approved the long-delayed mining project of European Goldfields, the Aim-listed miner.
On Friday European Goldfields received final approval to build two large gold mines in the north of the debt-saddled country. The company lodged its permit application in April 2006 and has faced years of delays that were compounded by the country’s political uncertainties.
Martyn Konig, executive chairman, said Mr Papaconstantinou was instrumental in gaining final clearance for the mines. “The new minister understands the growth and the jobs creation side of this business as much as the environmental side of things.”
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