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BMI View: Turkey's mining industry is set to be on the radar of foreign
investors in the years to come as the government has undertaken efforts to open
up the sector, paving the way for forthcoming investment. The gold sector will
attract the largest share of investment as several companies bring their
projects into production. Nevertheless, Turkey's extremely poor mining safety
record and weak global commodity prices will limit the industry's otherwise
We believe investment into Turkey's mining sector will be forthcoming over the
coming years as Prime Minister Tayyip Erdogan pledged to transform the country
into one of the 10 biggest economies by 2023. With more than 50 different
minerals found in economically adequate quantities, Turkey ranked 10th in the
world for the mineral variety of its underground resources.