Taking part in the biggest international event in the mining industry, the Investment Support and Promotion Agency of Turkey (ISPAT) is bringing the investment opportunities in Turkey’s booming mining sector to the attention of a global audience of over 30,000 visitors from 150 countries.
Represented for the first time at the PDAC International Convention, Trade Show, & Investors Exchange 2013 held in Toronto, Canada, the resource-rich Turkey is looking for investors to exploit its abundant mineral resources. ISPAT is participating in the convention with an information booth and hosting a number of events including presentations detailing Turkey’s mineral reserves, the latest legal arrangements to facilitate investments as well as the incentives provided by the government.
“The mining industry is the backbone of our industrial growth, feeding critical sectors such as automotive and construction with vital raw materials” said ISPAT’ s Principle Advisor Hasan Pehlivan assessing the importance of the sector to Turkey’s economy. “ISPAT and other governmental bodies worked hand-in-hand to improve the legislation that facilitates mining investments by foreign investors..”, Pehlivan noted, adding that the Turkey’s mining revenue has reached USD 11.3 billion in 2011, up from USD 2.6 billion in 2003.
“Turkey has known deposits of 77 of the 90 marketable minerals and is more than willing to have them extracted and processed into beneficial resources for our economy.” Pehlivan said.
There are over 650 foreign mining companies operating in Turkey.