Monday, 29 September 2014

Gold Industry Precious Metals Mining in Turkey to 2020 - Market size, shares, trend, growth, research and statistics

The Precious Metals Mining in Turkey to 2020 – a Focus on the Gold Industry report comprehensively covers the country’s historical and forecast data on gold mine production to 2020, production by province and reserves (also by region). The report also includes drivers and restraints affecting the industry, profiles of major precious metals mining companies, information on the major active, development and exploration projects and regulations governing the industry.

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Executive summary

Turkey leads in European gold production and is likely to be a prominent future global gold producer. In 2013, according to the Turkish Gold Miners Association (TGMA), the country accounted for approximately 1.2% of global gold mine production, or 1.2 million ounces – an increase of 13.2% over the previous year – although the country has to scale up to 1.8 million ounces (50 tonnes) by 2015 in order to be among the world’s top 15 gold producers. Turkish gold mine production is forecast to grow at a compound annual growth rate (CAGR) of 9.5% over the forecast period (2014–2020), to reach 2.1 million ounces in 2020.


The report contains an overview of the Turkish gold mining industry together with the key growth factors and restraints affecting the industry. It also provides information about reserves, production, prices, competitive landscape, major active, exploration and development projects and the fiscal regime of the country.

Reasons to buy

Gain an understanding of the Turkish gold mining industry, the relevant drivers and restraining factors, reserves, historical and forecast production, global gold prices, competitive landscape and the fiscal regime.

Key highlights

    Turkey is competitively placed in terms of its geographical location with significant mineral deposits and potential for newer discoveries, with only Western Turkey in particular having been comprehensively explored until now.

    The country has strong academic infrastructure with 21 mining engineering departments in 19 cities and has managed to attract huge foreign direct invest (FDI) into exploration, development and active projects, to the tune of US$250 million in 2013.

    Its substantial mineral reserve base is a big attraction for foreign investors and the rapid expansion of the gold mining industry was the chief stimulant behind foreign investments in 2013.

    The Turkish mining industry is struggling with legal uncertainty caused by a rapid change in court decisions and inconsistent implementation of governmental regulations. The Mining law was changed twice in 10 years, although environmental legislation and reporting requirements are continuously changing.

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