Eldorado Gold’s Skouries Mine Named EU Strategic Project Under Critical Raw Materials Act
Mining News | 2026-10-12 07:59:15
The recognition highlights the strategic significance of the project and the vital role played by it in strengthening Europe’s critical metals supply chain.
By Paul Ploumis
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.
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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.
POLL
Under which EU legislation has the Skouries copper-gold mine received Strategic Project designation?
Frequently Asked Questions
- What designation has Eldorado Gold’s Skouries mine received?
The Skouries copper-gold mine in Greece has received EU Strategic Project designation under the European Union’s Critical Raw Materials Act. The designation recognizes its potential role in improving the resilience of European critical raw material supply chains.
- Where is the Skouries copper-gold mine located?
The mine is located in the Halkidiki region of Greece. It is expected to produce copper and gold over an estimated operating life of approximately 20 years, contributing to Greece’s mining sector and the wider European metals industry.
- Why is the Skouries mine strategically important to the European Union?
Copper is essential for electrification, renewable energy infrastructure, and advanced manufacturing. By supporting regional copper production, Skouries could help strengthen supply security, reduce vulnerabilities in critical material supply chains, and support Europe’s energy transition.
