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.
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Frank Timiş, the 9th richest Romanian was a major shareholder in the company from 2000 to 2006 (his share ranged from 15% to 18.9%); it was from him that the company acquired 21% of its 95% interest in Hellas Gold.
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