facilities created for Discover gold reserves in mining field in Bilecik Province, northwestern Turkey begin Operations this week after President Recep Tayyip Erdogan will attend the launch ceremony for the establishment first gold bar.
About 3.5 million ounces of Gold has been detected in mining field of Gübretaş subsidiary of Turkish Agricultural Credit Cooperatives in Sogut district in Late 2020. It is estimated to be worth About 6 billion dollars (112.8 billion TL).
With over 450 million TL ($23.93 million) investment, 82% of The gold discovered in the reserve is now ready for processing after two years of work.
The facility is expected to provide job opportunities for about 1000 people.
In 2008, the stadium was handed over over To Koza Altyn for Operations but transferred to Gübretaş in December 2019 following a lawsuit for cancellation of contract after former failed to fulfill its obligations.
Koza was captured and delivered over to the Turkey Savings Deposit Insurance Fund (TMSF) because of their links to the Gülenist Terrorist Group (FETÖ), which was behind The coup attempt on July 15, 2016.
Turkey aims to reach a production level of 100 metric tons of gold per year in the next Five years, according to Energy and Natural Resources Minister Fatih Donmez.
