Foreign Investor Guide
Reference: Presidency of the Republic of Turkey Investment office www.invest.gov.tr
MINING
10.
- Turkey's rank in global mineral diversity.
%2,2
- Turkey's share in the global reserves of industrial raw materials.
%40
- Turkey's share in the global natural stone reserves.
%73
- The ratio of global boron reserves in Turkey.
%57
- Global rate of boron trade in Turkey in 2017.
19 billion ton
- The amount of Turkey's lignite reserves.
90 million ton
- Lignite production in Turkey in 2018.
27,1 ton
- The amount of gold production in Turkey in 2018.
The Turkish mining and metal industry grows in parallel with the country's strong economy. Incorporating the majority of the western part of the Tethys-Eurasian Metallogenic Belt, a special type of ophiolite that spreads from the Alps to Southeast Europe and reaches Turkey, the Lower Caucasus, Iran and the Himalayas, Turkey offers a proven potential to mining investors. Turkey, which is the region with the least discovery in this generation, draws attention as a highly promising region for companies engaged in mining activities.
Some basic data and figures from the Turkish mining and metal industry are as follows:
- While the total production value of the sector was 27.8 billion TL in 2017, it reached 37.2 billion TL in 2018.
- Turkey's young, dynamic and educated workforce offers a highly qualified workforce pool. There are 56 mining engineering departments in 38 cities in Turkey. The number of mining engineers in Turkey has increased by more than 50% since 2005, reaching 38,000. In 2018, approximately 1,000 new mining engineers were added to the talent pool.
- The advantages Turkey offers to companies in the mining industry are not limited to skilled labor, but also include relatively low logistics and drilling costs, proximity to key markets, attractive government incentives and highly competitive taxes.
- Thanks to striking economic growth, decades of political stability, structural reforms and government support, Turkey generated $ 183 million in foreign direct investment inflows to the mining industry in 2018. Exports in the sector were recorded as USD 3.8 billion in 2018.
- The fact that the number of international mining companies in Turkey increased from only 138 in 2004 to 773 today proves that the interest of investors in Turkey has increased.
Turkey's regional investment incentive system is based on a model in which regions are grouped between 1 and 6 according to their level of development and the least developed regions are evaluated as level 6. Under this system, the most advantageous incentives are offered to less developed regions. The mining industry is an exception for this system, and most investments in the mining sector are supported by incentives offered to Zone 5, regardless of where it takes place.
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https://www.invest.gov.tr/tr/sectors/sayfalar/mining-and-metals.aspx