News Local HCM eyes €2m revenue from gold at Mathiatis

HCM eyes €2m revenue from gold at Mathiatis

Hellenic Copper Mines (HCM) expects to net €2m from the sale of gold  to be obtained from about 40,000 tonnes of old mining waste at Strongylos mine in Mathiatis.

The company estimates  each tonne of mining waste contains about 1.5 gram of pure gold, which means a total of 60 kilograms of gold from the entire heap. Based on current gold prices of some €35,000 per kilo, this translates into a total value of €2m.

Under the law,  1% of the company’s income should go to the state. In this case, 1% of revenue corresponds to €20,000, of which 40% (€8,000) should go to the affected communities. The company has suggested that this amount should go exclusively to Mathiatis.

However, the above will only apply if  authorities approve HCM’s second proposal to extract the gold from the slag heaps at Strongylos Mine in Mathiatis. According to HCM, once this is done the whole area will be replanted.

Mathiatis residents have expressed concern about HCM’s proposal to remove the mine waste and restore Strongylos mine – which is a candidate for inclusion on UNESCO’s list of World Heritage Monuments- citing potentially negative environmental, archaeological and cultural repercussions.

 

 

 

Top Stories

Turkey says it will renew offer for joint working group on S-400s to Biden

  Turkey will renew its offer to form a joint working group with the United States to look into the technical aspects of its acquisition...

Iran fires long-range missiles into Indian Ocean in military drill – media

  Iran’s Revolutionary Guards today fired long-range ballistic missiles into the Indian Ocean on the second day of a military exercise, state media reported. The drill,...

Laschet succeeds Merkel as German CDU party leader

  Centrist Armin Laschet was elected chairman of Germany’s Christian Democrats (CDU), succeeding Angela Merkel and putting him on course to run as the conservative...

Aftershock rocks Indonesia quake zone as search continues

  An aftershock hit Indonesia’s Sulawesi island today as rescue workers searched for people trapped under rubble following an earthquake killed at least 45 people,...

6 thousand positive in two weeks, almost 70% of all cases have recovered

  The first two weeks of the new year have seen almost six thousand Covid-cases, according to the latest collective epidemiological data as released by...

Taste

Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...

Mezedes

No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...