Alamos Gold

Canadian miner Alamos Gold has said its Netherlands units would file an investment treaty claim exceeding $1 billion against Turkey for "unfair and inequitable treatment" with its gold mining project in Turkey's northwest.

Following the announcement by ministry officials concerning the license cancelation of Canadian-based intermediate gold producer Alamos Gold, the general manager of Doğu Biga, a local company established by the producer, has announced that Alamos Gold has a license of 60 years and is determined to fulfill its commitment made to the Turkish government to extract the underground mine in Kaz Mount

The Agriculture and Forestry Ministry has revoked the mining license of Alamos Gold, a Canadian-based intermediate gold producer, on the grounds that the firm's license to mine gold in Kaz Mountains was not extended.