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Kassandra Goldmines To Receive Mining Permit In July

Greek Infrastructure Ministry is expected to award Kassandra goldmines with a permit to dig for gold and other precious metals in Chalkidiki this month, Environment and Energy Minister said on Thursday.

Upon the signing of the permission, the €1.5-2b investment would enter the stage of construction within the year. 

"We are at the end of the procedure and we will be able to make announcements at the end of this month," Environment Minister Giorgos Papakonstantinou told a news conference.

A recent report about Kassandra goldmines (owned by Ellaktor and European Goldfields), Goldman Sachs noted that the mining would start in the second quarter of 2013, in the project was approved in May.
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