Eldorado Gold’s Skouries Mine Named EU Strategic Project Under Critical Raw Materials Act

Mining News | 2026-10-12 07:59:15 | By Paul Ploumis

The recognition highlights the strategic significance of the project and the vital role played by it in strengthening Europe’s critical metals supply chain.

Summary

Skouries Mine Receives EU Strategic Project Status
Eldorado Gold’s Skouries copper-gold mine in Greece has received Strategic Project designation under the European Union’s Critical Raw Materials Act (CRMA). The recognition reflects the project’s potential contribution to strengthening Europe’s critical raw material supply chains.
Major Investment and Long-Term Production Potential
Located in Greece’s Halkidiki region, the mine is expected to operate for approximately 20 years and produce both copper and gold. The project is expected to attract more than $2 billion in investment and create hundreds of direct jobs.
Strategic Importance for Europe’s Metals Supply
Copper is designated as a strategic raw material under the CRMA because of its importance in electrification, renewable energy infrastructure, and advanced manufacturing. Skouries could help diversify regional supplies and support Europe’s industrial development and energy transition objectives.

SEATTLE (Scrap Monster): Eldorado Gold announced that its Skouries copper-gold mine in Greece has received EU Strategic Project designation under the European Union’s Critical Raw Materials Act (CRMA). The recognition acknowledges the key role played by the mine in accelerating the EU’s supply chains for critical raw materials.

The European Commission’s designation recognizes Skouries’ potential contribution to regional supply chain resilience. Copper is classified as a strategic raw material under the CRMA, reflecting its importance in electrification, renewable energy infrastructure and advanced manufacturing.

Eldorado Gold to Restart Construction at Skouries Gold-Copper Mine

Located in the Halkidiki region, Skouries has recently commenced operations. The mine is expected to produce copper and gold over an estimated operating life of approximately 20 years. The project is expected to see an investment in excess of $2 billion. Also, it is anticipated to generate hundreds of direct jobs, alongside wider economic benefits for surrounding communities.

Eldorado Gold President and CEO Christian Milau said the recognition highlights the mine’s importance to both Greece and the wider European economy. He noted that Skouries could contribute to a reliable and responsible supply of metals needed for industrial development and the energy transition.

The recognition highlights the strategic significance of the project and the vital role played by it in strengthening Europe’s critical metals supply chain.