page_title: Yerakini
section_title: Brief history of The Anglo-Greek Magnesite Co. Ltd
hierarchical_section_title: Yerakini / Economy / Magnesite mines / Brief history of The Anglo-Greek Magnesite Co. Ltd
caption_attribution_description: English: Hoys deactivated, standing onshore, used in the past for carrying raw magnesite to the bulkers in Yerakini harbour, Chalkidiki, Greece
context_page_description: Yerakini or Gerakini is a village in the Chalkidiki peninsula in Central Macedonia, Northern Greece.
  It has been the port of nearby Polygyros, the capital town of Chalkidiki, ever since its settlement. Its beaches attract thousands of tourists and holidaymakers during the summer. It has the largest magnesite deposits in Northern Greece.
context_section_description: Anglo-Greek  (AGM) purchased the assets of the English company Petrified Ltd with mines at Galataki (near Limni) and Afrati (near Halkida) of Euboea in 1902. AGM also acquired the assets of the Societe Hellenique des Mines de Magnesite, with mines at Limni, Mantoudi, and Pyli village on the east coast of Euboea island, in 1912. The raw material was shipped by the Galataki harbour.
  AGM ceased its activity on Euboea island after World War II, the railway it employed (750 mm and 600 mm gauge) was dismantled and the rolling stock was sold for scrap, today some ruined parts still existing. The Anglo-Greek Magnesite Co. Ltd was the principal operator for the first half of the twentieth century in Greece. In 1922 it also purchased the Yerakini concession, producing 27,000 tons of raw material per year. The deposits were estimated at 300,000 tons in 1947. It used coal and brushwood as well as trunk wood for fuel of its kilns
  The Yerakini mines about 3 km inland from the Gulf were reached by means of a narrow-gauge (565 mm) railway, used also by the new owners until the 1980s. The Anglo-Greek Company operated a power system supplying electricity in the mines area in the fifties. It organized various events and activities, such as soccer matches, weekend balls etc. In 1959 it sold its assets to the Greek-owned Portolos Co.
caption: Hoys used for carrying magnestite to bulkers
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