Bloomberg News

Hellas Gold Greek Projects to Create 1,800 Jobs, Minister Says

October 21, 2011

Oct. 21 (Bloomberg) -- Planned mining projects in Greece by Hellas Gold SA, the Greek unit of European Goldfields Ltd., will create 1,800 jobs, Environment, Energy and Climate Change Minister George Papaconstantinou said.

The projects, at mines in the Halkidiki region of northern Greece, are worth a total investment of around 1 billion euros ($1.4 billion) and will generate annual revenue of around 125 million euros for the state, Papaconstantinou told lawmakers in the Greek parliament in Athens today.

--Editor: Peter Branton

To contact the reporter on this story: Paul Tugwell in Athens at ptugwell1@bloomberg.net

To contact the editor responsible for this story: Angela Cullen at acullen8@bloomberg.net


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