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Turkey's gold deposits worth $200 billion

Turkey's gold deposits could potentially yield 6,500 tons of gold, which would be worth nearly $200 billion and could be used to reduce the country's dependence on imported raw materials.

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If these deposits are processed, their added value to the Turkish economy would amount to nearly $1 trillion, Ümit Akdur, head of the Turkish Gold Miners' Association, told the Anatolia news agency on Monday.

Noting that Turkey spends around $50 billion on imported fuel and raw materials every year, Akdur said Turkey's dependence on foreign countries for fuel and raw materials increases each year. “Although it is possible to supply the required raw materials and minerals through domestic resources in line with the principles of sustainable development, Turkey fails to evaluate its own potential. We do not have to import everything because we already have it. Turkey must use its underground resources to reduce its foreign dependence.”

"Mining is carried out at a depth of 1,500 meters in Europe and 3,600 meters in Africa, but at only 10 meters in Turkey. We need to improve this. For instance, Turkey has potential gold deposits of 6,500 tons. This potential has a financial value of $200 billion. If this potential is processed, its added value to the Turkish economy will amount to about $1 trillion. However, our annual production is currently only 16 tons," he said.

14 July 2009, Tuesday

TODAY'S ZAMAN WITH WIRES  İSTANBUL
Comments on this article

tom rogers , Jul 14 2009 16:34, Tuesday
people arent real about global warming. traffic jams are murder to our children. cars are murder....murdering your own...
praveen kumar .N.V , Jul 14 2009 15:57, Tuesday
It is great for any country or economy to find such an natural resources, it should be used in such a manner with long t...
rajesh , Jul 14 2009 15:56, Tuesday
gold trend


   

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