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Gold/Mining/Energy : TVX Gold -- Ignore unavailable to you. Want to Upgrade?

To: Gilbert Drapeau who wrote (771)	9/14/2000 3:12:00 PM
From: Edmund Lee	Read Replies (1) \| Respond to of 905

TVX HELLAS TO BE GIVEN «GO-AHEAD» BY GREEK STATE Thessaloniki, 6 September 2000 (10:43 UTC+2) TVX Hellas, a subsidiary of Canadian miner TVX Gold Incorporated, is to be given the Greek State's stamp of approval for its polymetallic gold project in Olympiada, at Northern Greece's Halkidiki peninsula. According to Deputy National Economy Minister Christos Pachtas, after endorsement of the relevant environmental impact study, "the relevant procedures will be effected very quickly so that very soon the plant's founding stone will be laid." Moreover, Mr. Pachtas stated that the Greek government supports this investment as "it will make Greece a major gold producer and improve the competitiveness of the economy." The project had been severely delayed by government red tape and protests by local residents on environmental grounds. Earlier this summer, the Halkidiki prefectural council voted in favor of the project, albeit calling on TVX to provide guarantees on specific matters related to environmental protection. The project has also been granted final approval from the Central Archeological Council in Athens. mpa.gr