As of 2013 a revival of mining for gold and other minerals was underway with a number of concessions having been granted to Eldorado Gold of Canada.
Hellas Gold (awaiting a mining permit) primarily engaged in the selling of gold that has already been mined, though it engages in light mining Chalkidiki.
The two tribes that lived along the river Astibo, an estuary to the Axius, were the Derrones, named after their god of healing, Darron, and the Laeaeans, who minted their own heavy coins as a sign of their sovereignty following the example of the Greek city-states on Chalkidiki.
In ancient Greece it was the site of the town of Mende, one of the many colonies in Chalkidiki founded by Chalcis, the main city on the island of Euboia.
Moudania, Greece, a municipal unit in Chalkidiki, Greece, named after Mudanya
After the Treaty of Lausanne and the Greco-Turkish population exchange agreement, the Greeks of the town were transferred into mainland Greece, establishing a settlement to which they gave the name of their previous town, Nea Moudania (New Moudania, located on the Chalkidiki peninsula, in the Macedonia region of Greece.
During that time he was also involved in the real estate and tourist business and bought an extended area in Sithonia, Chalkidiki peninsula in northern Greece and in 1973 he started constructing a tourist resort, known as Porto Carras, which became one of the most famous holiday resorts in Greece.