Hellenic Copper Development Institute (HCDI) and Hellas Gold join forces for a sustainable future
25.11.24
Athens, 25 November 2025
PRESS RELEASE
Hellenic Copper Development Institute (HCDI) and Hellas Gold join forces for a sustainable future
In a landscape where securing Europe’s supply of mineral raw materials is more critical than ever, the Hellenic Copper Development Institute (HCDI) and Hellas Gold announce a strategic partnership aimed at strengthening the copper market and enhancing Greece’s position in the global industry.
This partnership brings together Hellas Gold, Greece’s sole copper producer and a key player in Europe through Eldorado Gold’s investment in the Skouries project, and the scientific expertise and extensive network of the HCDI. The joint effort will focus on leveraging the growing global demand for copper—a vital mineral for the green energy transition and technological progress—while contributing to strategies that reinforce its role as a critical resource.
Key Objectives of the Partnership:
- Promoting the Greek Copper Sector:
The alliance will highlight Greece as a central copper producer in Europe, utilizing Hellas Gold's production capabilities and HCDI's influence in shaping policies to create a favorable environment for copper mining and processing. - Fostering Innovation and Research:
By combining Hellas Gold’s valuable mining expertise with HCDI’s scientific excellence, the partnership seeks to showcase copper applications in cutting-edge technologies. This effort will also support sustainability by promoting modern methods of mining and resource management. - Boosting Competitiveness:
The partnership aims to increase Greece’s attractiveness as an investment destination in the critical minerals sector, attracting further international interest and capital. - Supporting a Premium Market for Responsible and Sustainable Copper Production:
A key aspect of the partnership is promoting demand within the European Union for responsibly and sustainably produced European copper, especially as a superior alternative to cheaper and/or more polluting imports.
These initiatives represent decisive steps toward a future where Greece emerges as a central pillar in the European critical minerals value chain, leveraging copper and other natural resources with vision and responsibility.
HCDI President Evangelos Moustakas expressed his enthusiasm for the partnership, stating: "I am particularly pleased with our partnership with Hellas Gold. This partnership will allow us to harness the latest technological advancements and develop innovative solutions for the copper sector. Our goal is to position Greece as a leader in sustainable mining, creating new opportunities for the economy and society."
Christos Balaskas, President of Hellas Gold and Vice President, Commercial, Growth, and External Relations of Eldorado Gold in Greece, commented: "We are proud that Greece’s responsible copper mining, through our Skouries project, will redefine the country’s role on Europe’s mining map. Strategic allies like HCDI are essential to this effort. Our collaboration opens new horizons for sustainable mining activity in Greece. By combining our expertise with the Institute’s scientific excellence, we will develop innovative solutions that support the circular economy, enhance the country’s competitiveness, and provide new momentum and prospects for Greece’s copper sector."
About Hellas Gold
Hellas Gold is a mining company for gold, silver, lead, and zinc, headquartered in Athens. Since 2004, it has been responsibly and safely developing and operating the Kassandra Mines in NE Halkidiki under the strictest environmental terms. The Kassandra Mines consist of three mining projects: the Stratoni-Mavres Petres Mine, the Olympias Mine, and the Skouries Project. Continuing a 25-century mining history, Hellas Gold invests in the sustainable development of the Kassandra Mines, boosting economic growth and contributing to the prosperity of the local community with investments exceeding $3 billion, employing over 2,000 workers, actively supporting local suppliers, and making significant investments in local community support initiatives and projects. Since 2012, it operates as a subsidiary of Eldorado Gold Corporation, a Canadian mining company with over 30 years experience in the exploration, development, and operation of mines worldwide.
For media inquiries, please contact:
Erika Xirouchaki, Director, Corporate Affairs & Communications, Greece, 214-6870000, Erika.Xirouchaki@eldoradogold.com
About HCDI
The Hellenic Copper Development Institute (HCDI) is a non-profit organization dedicated to promoting copper in Greece and internationally. With a focus on scientific validation and highlighting the benefits of copper, HCDI conducts research, educational programs, and awareness campaigns. It collaborates closely with the Greek copper industry and international organizations.
- Established: 1996
- Funding: Supported by members of the Greek copper industry
- Services: Technical library, website, events
- Certifications: ISO 9001:2015
