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Eldorado Gold enters constructive Dialogue with Greek Government

Eldorado Gold Corporation ("Eldorado", "the Company" or "we") announced that it has entered into constructive dialogue with Greece's Ministry of Energy and Environment ("MoE") in respect to the development of the Company's subsidiary, Hellas Gold S.A.'s, Kassandra Mine assets in Halkidiki, Northern Greece. The Kassandra assets, which include the Skouries and Olympias projects and the Stratoni mine, were permitted under one single Environment Impact Study ("EIS") approved in 2011 by the Greek State.

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Compensation Arrangements in Australia surrounding Coal Workers’ Pneumoconiosis

Statement by QRC Chief Executive Ian Macfarlane on the review of the Workers’ Compensation Scheme

The Queensland Resources Council (QRC) has thanked the Minister for Employment and Industrial Relations, the Hon Grace Grace, for her quick response in establishing the Stakeholder Reference Group to address compensation arrangements surrounding Coal Workers’ Pneumoconiosis (CWP).

QRC’s position, outlined to the Parliamentary Committee on the Workers’ Compensation Scheme this morning, broadly supports the recommendations of the Stakeholder Reference Group that all workers who contract CWP should receive fair compensation in a timely fashion, and retired workers or workers who had left the industry can have access to medical examinations at no cost.

QRC was one of the first bodies who advocated for the need for a review of the Workers’ Compensation Scheme and improvements in the scheme to deal adequately with all cases. In particular, the QRC recognised workers, who are diagnosed with early stages of CWP should be entitled to receive statutory compensation including circumstances where those workers are not suffering any permanent impairment or incapacity for work.

The Parliamentary Select Committee’s report into CWP released earlier this year represented a substantial body of work and the QRC acknowledges the committee’s open engagement with all parties and commends them for their professionalism in overseeing such a complex review.

The resources sector is completely supportive of, and has fully cooperated with Minister Lynham and the work of the Department of Natural Resources and Mines, including the implementation of the recommendations made in the Monash Review.

Meanwhile, coal companies have fully adopted all new regulations and have cooperated with the government in the design of significant improvements to the medical assessment process including lung function tests, spirometry testing and new standards to set out clear requirements for medical practitioners conducting tests.

The health and safety of workers is a core value and the resources sector will only strengthen its commitment to see that CWP is eradicated.

Source: QRC

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Resources – funding the Budget’s ‘Jobs bonanza’!

Statement from the Queensland Resources Council

Today’s budget papers illustrate the vital importance of resources, especially coal, to keep the state in the black. Premier Annastacia Palaszczuk announced it as the ‘jobs bonanza budget’, which would have been impossible without royalty revenue.

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QRC backs new Plan but calls for new Power Plant

The Queensland Resources Council (QRC) welcomes policy announcements by the Queensland Government of its Powering Queensland Plan to address the state’s energy needs. This Queensland Plan has been released ahead of the Finkel review due to be released at COAG.

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SMG 2017: Transforming Guinea’s Economy through Mining and Investment

Now in its 5th edition, Symposium Mines Guinea is firmly established as the largest mining event in West Africa and will take place from 09 – 11 May 2017, in Conakry, Republic of Guinea. Due to the importance of the mining sector on Guinea’s economy, The Ministry of Mines and Geology aim to make this sector the most investor friendly mining destination in Africa and have begun taking the necessary measures to implement strict good governance policies for regulation and promotion of transparency.

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Samarco Update concerning Tailings and Restart of Operations

Samarco Mineração S.A (Samarco), BHP Billiton Brasil LTDA (BHP Billiton Brasil) and Vale. S.A (Vale) agreed a non-binding term sheet outlining the general terms and conditions for the use of Vale’s Timbopeba pit by Samarco to deposit its tailings, should Samarco restart. Vale would transfer the Timbopeba pit to Samarco and, as compensation, Samarco would supply to Vale an amount of non-processed ore (Run-of-Mine – ROM) for a certain period.

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President of Colombia opens the Regasification Terminal of Cartagena de Indias

With a capacity of 400 million cubic feet of liquefied gas per day the president of Colombia, Juan Manuel Santos, inaugurated the first regasification terminal in Cartagena de Indias, executed by Sacyr Industrial, along with the president of Sacyr, Manuel Manrique; the chief executive officer of Sacyr Industrial, Pedro Sigüenza; and other political and business authorities. With an investment of $150 million, this terminal will help boost Colombian competitiveness and the development of the Caribbean coastal region.

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