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Turkey aims to be among top 15 gold producers by 2016 

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.

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