6/4/2008

Canadian Eldorado Gold starts building second mine in Turkey

Reuters - Eldorado Gold has begun construction of its Efemcukuru gold mine in Turkey, after a court issued environmental permits and approvals for the mine, the company said on Monday. The mine will be the company's second in Turkey and is expected to produce 112,000 ounces per year, part of Eldorado's plan to become a 500,000-ounce-a-year producer by 2010. The company produced 281,135 ounces in 2007. The Vancouver, British Columbia-based company resumed production at its Kisladag mine in Turkey in March after the expiry of an injunction that shut the mine last August.