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

To: Edmund Lee who wrote (772)	9/14/2000 3:13:47 PM
From: Edmund Lee	Read Replies (1) \| Respond to of 905

THE GOLD METALLURGY IN CHALKIDIKI WILL BE IN FULL OPERATION IN 2003 Thessaloniki, 7 September 2000 (16:42 UTC+2) The TVX-Hellas Gold Metallurgy in Olympiada Chalkidiki, in northern Greece is expected to be in full operation in 2003, according to statements made to MPA by Mr. Stelios Samaras in charge of the company's public relations. Meanwhile, the final approval of the Environmental Effects Study is expected on September 15 through which the state will determine the terms on the founding and the operation of the plant. The overall deposits are estimated at 4.1 million ounces of gold and 51 million ounces of silver, while the cost for the construction of the plant is expected to be at US$ 248 million. It should be reminded that in the past members of environmental organizations and local residents had caused violent incidents reacting to the activities of the company in Chalkidiki maintaining that its plant would cause environmental disaster in a region with many summer resorts. mpa.gr