Insight – Demand for METS rises in Turkey as precious metals mining sector grows

Austrade

Investment in Turkey’s precious metals mining sector is set to increase rapidly, following a series of government announcements and corporate acquisitions.

  • The Turkish Government aims to double gold production in the next five years
  • The Turkish sovereign wealth fund (TWF) has acquired 20 new precious metals and launched a series of drilling and exploration projects.

The decision to increase mining investment via the TWF creates new opportunities. Austrade has identified the potential for Australian METS companies in feasibility studies, project management, engineering reviews, mining design, risk management and safety initiatives.

The demand for mining-related environmental services is also rising. This is because mining-related pollution is a growing political issue in Turkey.

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