More than a billion dollars worth of gold has been discovered in eastern Turkey.
This was announced by the country’s Minister of Industry and Technology Mustafa Varank at the opening of a new mine.
According to Varank, in the area of the village of Mollakara in the province of Agra, the gold mining company Koza Altin has found large deposits of non-ferrous metals.
The new mine found reserves of 20 tons of gold worth USD 1.2 billion and 3.5 tons of silver worth USD 2.8 million, the minister said.
Investment in gold mining in Turkey has grown by a quarter over the past decade.
In 2020, the country produced 42 tons of precious metal from 18 mines; in 2021, Turkish mining companies set themselves a target of 45 tons.
The government predicts that the annual production level will reach 100 tons in the next 5 years.
Over the past few years, Turkey, despite its difficult financial situation, has stepped up its mining operations.
In early June, industrialists discovered a new natural gas field in the Black Sea. According to Bloomberg, the source of the fuel was found at the Amasra-1 offshore well.