3/27/2009

Mining license for private sector

Halka Tercuman - The Turkish Ministry of Energy have started efforts to open 5,579 mining sites for the private sector. The sites to be opened for the private sector are worth USD 2 trillion, varying in a range of uranium, thorium, gold, lead, dolomite and iron. There are ongoing studies for granting new incentives for investors willing to invest in mining industry, such as VAT exemption, customs exemption, land allocation, interest support, tax discount and payment of SSK (Social Security Authority) premiums by the government instead of employers.

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