1,2 Billion Dollars 20 Ton Gold Reserve Detected in Ağrı

good news of gold and silver reserve in agri
good news of gold and silver reserve in agri

Industry and Technology Minister Mustafa Varank said, “As a result of the long exploration activities carried out in the Ağrı Mollakara region, 1,2 tons of gold with a market value of 20 billion dollars and 2,8 tons of silver reserves with a value of 3,5 million dollars have been identified in this region.” said.

Fatih Dönmez, Minister of Energy and Natural Resources, said, “We have produced a total of 20 tons of gold in the last 382 years. With this production, the state's income was tax revenue equivalent to 76 tons of gold. Hopefully this year, we aim to produce over 45 tons.” used the phrases.

Minister Varank and Minister of Energy and Natural Resources Fatih Dönmez attended the Groundbreaking Ceremony of Koza Gold Enterprises Ağrı Mollakara Facility. In his speech here, Minister Varank, sharing the figures regarding the significant amount of gold and silver reserves identified in the region, emphasized that the foundation of the facility will be completed with an investment of approximately 160 million dollars, that it will accelerate the development and development of Ağrı and that it will strengthen Turkey's power in gold production.

6 BILLION DOLLARS INVESTMENT VOLUME

Varank said that they have transformed the gold mining, which they took over with zero production capacity, into a huge sector with an investment volume of 6 billion dollars, employing 13 thousand people, with the support and incentives they provided, and that they are among the few producers in the world today.

CONTRIBUTION TO REDUCING THE CURRENT DEFICIT

Minister Varank said, “Turkey, which could not produce even 2000 gram of gold in the early 1s, produced 18 tons of gold in 42 active mines last year, despite the pandemic. Before us, Turkey's gold needs were met with 100 percent imports. With the production we make now, we contribute 2,4 billion dollars to the reduction of the current account deficit every year. We do not consider these efforts sufficient. We are implementing many new projects that will take the industry forward.” he said.

INVESTMENT OF 160 MILLION DOLLARS

Stating that the facility they are going to lay the foundation of today will be an important cornerstone of the growing and developing gold production sector, Varank said, “As a result of the long exploration activities carried out in the Ağrı Mollakara region, 1,2 tons of gold with a market value of 20 billion dollars and 2,8 products with a market value of 3,5 million dollars are today. .0,92 tons of silver reserves were detected in this region. It is an important development for our country, our region and the world. The found reserve has a much richer content compared to similar mines in our country, with a grade value of 160. Now, with an investment of approximately XNUMX million dollars, we will ensure that this reserve is brought into the economy in an environmentally friendly manner through the hands of the SDIF.” he said.

FIRST GOLD Dump IN LAST QUARTER 2022

Varank stated that the facility will be a source of bread for 500 directly and indirectly 2 thousand citizens during the operation period. Stating that they expect the first gold casting process at the facility to take place in the last quarter of 2022, Varank said that they expect President Recep Tayyip Erdoğan to participate in the first gold casting.

ENVIRONMENTAL SENSITIVITIES

Noting that they prioritize environmental sensitivities while providing economic value with mines, Varank said, “Both in this project and in all operating mines, the basis of sustainability is respect for the environment. By means of advanced technology sensors to be installed within the framework of the project, dust, noise, blasting and gas measurements in the air will be made regularly. Thanks to the most modern methods to be used in gold production at this facility, we will both utilize the reserves efficiently and minimize the environmental impacts. After the facility completes its economic life, necessary rehabilitation works will be carried out to reintroduce the land to nature. Rest assured, this high-tech facility to be built here will add value to our country and set an example in terms of environmental sensitivities.” used the phrases.

Varank said that they gladly follow Koza Altın's successful performance after it was taken away from terrorist groups and handed over to the SDIF.

WE PRODUCED 382 TONS OF GOLD

Minister of Energy and Natural Resources Dönmez pointed out that gold mining is one of the sectors with the highest added value in mining and said, “Today, Turkey's gold resource is 175 tons. By producing 42 tons of gold last year, we broke the record in the history of the Republic in this field. When we first started gold production in 2001, our annual production was only 1,4 tons. In the last 20 years, we have produced 382 tons of gold in total. With this production, the state's income was tax revenue equivalent to 76 tons of gold. Hopefully this year, we aim to produce more than 45 tons. If our production target is in 5 years, I hope to reach 100 tons per year. Our goal is to meet our gold needs from domestic sources first, to significantly reduce the current account deficit due to gold, and to increase employment in this field.” he said.

3,5 TON SILVER RESERVE

Noting that Turkey's resource also has the power to extract this resource, Dönmez said, “Today, we are taking one more step towards this with the gold and silver facility we will lay the foundation of. In the Mollakara gold and silver project, 197 drillings have been carried out so far. As a result of these, 20 tons of gold and 3,5 tons of silver reserves were identified. In the facility, which is aimed to make the first casting in the last quarter of 2022, 500 people will be directly employed.” said.

TMSF President Muhiddin Gülal stated that they will carry out the first gold casting at the Ağrı Mollakara facilities by the end of 2022 and said, “We are planning to produce between 2023 and 3 tons of gold here as of 3,5.” he said.

AK Party Group Deputy Chairman Mustafa Elitaş, Ağrı Governor Osman Varol, Ağrı Mayor Prosecutor Sayan, Ağrı Deputy Ekrem Çelebi and Koza Gold General Manager İsmet Demir also attended the groundbreaking ceremony.

After the prayers made after the speeches, the groundbreaking ceremony was held with the participants pressing the button.

Armin

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