PUBLICATION

Global Business Reports

AUTHORS

Alice Pascoletti, Amelia Salutz, Agostina Da Cunha, Mungo Smith

Turkey Mining 2014

November 25, 2014

Turkey has emerged as a rare story of growth in a depressed global mining environment, realizing 4.6% growth in 2012. Turkey’s industry offers impressive mineral diversity and its strong supplier base offers cost advantages compared to other jurisdictions. Whereas previously state-owned enterprises and domestic conglomerates dominated the sector, private firms now holds 85%. Although the government is keen to support the sector with attractive incentives, as with any developing mining jurisdiction, a steep learning curve persists for policymakers bogged down by wider political and economic turbulence. Delays in forestry permits and a lack of clarity in regulatory implementation have slowed growth. To continue its upward trajectory, the sector is focused on luring more foreign juniors and bringing the practices of its domestic players up to international standards. Accounting for roughly 1.5% of GDP, it still has a long way to go to gain a greater voice in the policymaking process.

 

Featuring exclusive interviews with:


APCO Worldwide Turkey – Zeynep Dereli, Managing Director

Ciner Group – Sami Demirbilek, President, Energy Group

Çayeli Bakır – Iain Anderson, Managing Director

Golder Associates – Meryem Tekol, Managing Director

Ministry of Energy and Natural Resources, Republic of Turkey – Taner Yıldız, Minister

PwC – Tolga Taşdelen, Director of Tax Services

Tüprag – Mehmet Yılmaz, Director

Turkish Gold Miners Association – Ümit Akdur, Chairman

Turkish Miners Association – Mustafa Sönmez, Chairman

Yildirim Group – Alp Malazgirt, CEO, Metals and Mining

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