ATHENS — Canada's Eldorado Gold Corp said on Monday it would suspend investment at its Greek mines and development projects, blaming regulatory hurdles for halting one of the biggest investments in Greece since it sank into a debt crisis. Citing delays in permits from the Greek government, Eldorado said no additional investment would be made into the Olympias and Skouries projects and the Stratoni mine in Greece. It will place them on care and maintenance from Sept. 22. Advertisement Continue reading the main storyThe suspension marks a tougher stance towards Greece by Eldorado's George Burns, who became chief executive in April. Hi predecessor, Paul Wright, took Eldorado into Greece with the nearly $2 billion purchase of Skouries, Olympias and Stratoni in 2012.

Source: New York Times September 11, 2017 05:01 UTC