Skip navigation links
Press Releases
News from Turkey
Publications
Upcoming Tenders
Links
Videos
Newsletter Subscription
This page is print preview page.
Click here to return to the page.
Print page
News
 
Turkey aims to be among top 15 gold producers by 2016 
25.01.2013

Today’s Zaman - The Turkish gold industry is looking to place itself among the top 15 countries in terms of gold production within the next three years. Muhterem Kose, general coordinator of the Gold Miners' Association, which is based in Ankara, said, “If things go well, we hope to earn a place on the top-15 list of gold-producing countries in the world by 2016.”


Although gold mining got off to a late start in Turkey -- as late as 2001 -- the country is already the largest producer of gold in Europe and among the top 30 producers globally, with an output of nearly 30 tons a year.


Gold production in Turkey has significantly increased in recent years. In 2006, only eight tons of gold were produced; by 2009, that figure had grown to 14.9 tons and last year, production reached 29.5 tons. Gold produced in the country between 2001 and 2012 exceeded 136 tons. However, according to Kose, these production figures are still rather small compared to the potential in Turkey for gold mining. “Turkey is exploiting no more than 15 percent of its gold reserves at the moment.”


Based on geological modeling predictions, Turkey is estimated to hold 6,500 tons of recoverable gold. The country’s known gold deposits are situated in the Aegean, eastern Black Sea, Central and Eastern Anatolia regions, with production being carried out in mines in Izmir/Bergama-Ovacik, Balikesir/Havran, Gumushane/Mastra, Manisa/Salihli-Sart, Erzincan/Ilic Copler, Eskisehir/Kaymaz, Nigde/Tepekoy and Usak/Esme-Kisladag.

07.12.2016 Turkey's Mado inks deals with Venture Capital Bank and Al Sraiya Holding
06.12.2016 Pepsi to establish sixth factory in Turkey
22.11.2016 Germany’s auto parts maker ElringKlinger commisions new plant in Turkey
21.11.2016 ISPAT leads top executives of multinationals on a mission to USA to remove perception gaps
16.11.2016 Japan’s Mitsui buys stake in Koç Holding’s Inventram
14.11.2016 Istanbul Hosts Capital Markets Congress
01.11.2016 Global investors confident on Turkey’s economy
24.10.2016 World’s largest photovoltaic solar plant to be established in Konya by 2018
21.10.2016 Turkey on healthy footing with financing of city hospital project
19.10.2016 Turkish automotive sector poised to set new record
<<
1 2 3 4 5 6 7 8 9 10
>>