TURKEY TO BREAK RECORD IN GOLD PRODUCTION

TURKEY TO BREAK RECORD IN GOLD PRODUCTION

TURKEY TO BREAK RECORD IN GOLD PRODUCTION

“The record of the Republic in our history has been broken last year with 38 tons of gold production,” said Yücel, President of the Gold Miners Association.

“We are predicting that this record will be revised with 45 tons this year. We have the ability and capacity to produce 160 tons of gold annually. ” he added.

Stating that there are several gold production facilities whose investment processes are completed and started to operate at the beginning of the year, Yücel said that private sector should be encouraged in mining to increase this number.

Yucel said that  Turkey’s gold imports reached to 130-140 tonnes annually in the last 20 years.

Stating that the record of the history of the Republic was broken with 38 tons of gold production last year. Yücel said, “This year, we anticipate that this record will be revised with 45 tons. Let’s not forget about the 60 tons of gold per year in the last 5 years with state-supported planning and strategy. And 160 tons of gold we import in the last 15 years. ”

PRIVATE SECTOR TO INVEST 7,5 BILLION DOLLARS IN GOLD

Stating that the government is willing to innovate in transparency in the legislation, Yücel said, “Legislation is important, but sometimes the reflection of the will is not with the legislation. The most valuable thing is to produce in the country without needing it. If we are producing in our country, this is a success for us. We are now the biggest gold producer in Europe. “ he spoke.

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