TVX Gold (TVX-T) reports that mining and milling activities have resumed at its Stratoni
The resumption came after mining restrictions previously imposed by a local official were lifted. All 500 employees at its Hellas division will return to work.
In September, TVX applied for permission to extend Stratoni’s mining operations underneath the nearby village of Stratoniki. John Raisbeck, chief executive officer of TVX Hellas, told Reuters the request is being examined. On Dec. 5, a mining inspector ordered the company to move back 100 metres from an existing boundary. The company quickly declared force majeure and halted operations.
TVX has struggled with local officials over permitting issues since 1995, when it acquired the Hellenic Gold Complex, which includes the Madem Lakkos and Mavres Petres zinc-lead-silver mines and the nearby Stratoni milling complex.
The company also says that the Greek government has committed to respond to the company’s permit applications for the Stratoni extension by Feb. 8, 2002.
TVX’s CEO Sean Harvey said, “We are very pleased with the positive support of the Greek government in dealing with the Stratoni issues.”
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