7/2/2010

Turkey increases gold production three fold

 

Platin - Turkey, one of the largest gold markets in the world, has increased its production of the precious metal three fold in the last five years. The country, ranking in the top five of the global gold markets, began producing gold in 2001 and has been steadily increasing the annual output ever since. While the gold production was 1.4 tons in the beginning, it reached 8 tons in 2006, 10 tons in 2007, 11 tons in 2008 and 15 tons in 2009. The total value of the gold produced in 2009 reached USD 515 million. The country plans to increase its gold production to 20 tons in 2010.

Turkey; gold production; gold market; gold mining

ENGLISH