Greece's government will within days approve a gold mine project in the north of the country, which promises to create jobs and bring much needed investment to the area, Prime Minister Antonis Samaras said reports the Wall Street Journal.
Giving the green light to a planned €230 million ($305 million) investment by Eldorado Gold Corp. ELD.T +3.32% in a Thrace gold mine is aimed at calming the Canadian miner's concerns about a swift, violent attack by masked vandals on one of its other mines over the weekend.
The Thace project, which has been awaiting approval for months, is one of a complex of four gold and other mines that Eldorado has acquired in Greece over the past four years. The company has committed to invest another $1 billion over the next four years.