AP News

News Summary: Greek gold mine savior or curse?


LODE OF CONTROVERSY: Supporters of a new mining project say it will create jobs and pour hundreds of millions into the local economy, as Greece struggles with a devastating financial crisis. Opponents argue it will pollute, wipe out forests and drive tourists away from a region of striking natural beauty.

RAISING HELLAS: Hellas Gold — 95 percent owned by Canadian mining company Eldorado Gold Inc. — holds mining licenses for an area covering 122 square miles.

DIGGING IN: Local residents have formed a protest committee hoping to stop work on the new mine and processing plant in the area.


We Almost Lost the Nasdaq
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus