Natural Resources

New Libyan unity government pays first visit to Turkey

Libyan Prime Minister Abdul Hamid Mohammed Dbeibah and a delegation of ministers made their first visit to Turkey on April 12 since taking office last month.

As part of a two-day visit, President Recep Tayyip Erdoğan and Dbeibeh on April 12 chaired the first meeting of the Turkey-Libya High-Level Strategic Cooperation Council in Ankara.

Gold discovery in Bilecik to create 800 new jobs

Turkey discovered 1.92 million ounces of gold reserves in the country's northwestern province of Bilecik, the  Energy and Natural Resources Minister Fatih Dönmez said on Feb. 3. 

Speaking at the ruling Justice and Development Party's provincial congress in Bilecik, Dönmez said the new reserves are forecast to produce 6-7 tons of gold per year, while offering employment to 800 people.

Turkey produced record amount of gold in 2020: Minister

Turkey reached a new record by producing 42 tons of gold last year, Energy and Natural Resources Minister Fatih Dönmez said on Jan. 7. 

"Thus, we achieved a contribution of $2.4 billion to our economy," he said in a meeting with the representatives of the Gold Miners Association.

This record supersedes the record hit in 2019, when 38 tons of gold was produced.

Turkey reports major gold discovery

Turkey has discovered a major gold deposit holding an estimated 3.5 million ounces (99 tonnes) of the precious metal valued at around $6 billion, the Anadolu state news agency reported on Dec. 22. 

The find in the midwestern town of Sögüt was reported by Fahrettin Poyraz, who heads the Agricultural Credit Cooperatives of Turkey and the Gübretaş fertilizer production firm.