Turkey

Alamos Gold Q1 profit jumps 65 pct

Strong gold price and a tax gain helped boost the gold miner's net income to $29.5m from $17.9m a year ago

Erdemir to start USD 700 million iron ore project

Bloomberg reported that Eregli Demir & Celik Fabrikalari TAS, Turkey’s biggest flat steelmaker, will start USD 700 million investments to develop an iron ore plant by 2016.

Bad weather hits Alacer Gold Q1 output, but 2012 outlook rises

While Alacer reports lacklustre production in the fourth quarter due to poor weather conditions in Turkey, it increases overall guidance for the year.

Canadian Eldorado's gold production keeps growing

Canadian miner Eldorado Gold (TSX:ELD) (NYSE:EGO), which recently closed its acquisition of European Goldfields, expects its yearly gold production to touch 1.7 million ounces within five years as it brings new mines into production.

Black Sea jewel town threatened by coal plant, daunted locals resist

Resistance! The word is not in keeping with the relaxed atmosphere that a visitor expects in a pretty, seaside town, but we find it in the Yaykıl village of Gerze.

South Korean companies want to establish 6,000 MW coal power plants in Turkey

Today Energy minister Taner Yildiz said that South Korean companies were interested in establishing 5,000-6,000 MW coal-fired power plants in Turkey.

Valhalla to remain halted

Valhalla is a Canadian mineral exploration company focusing on the discovery and development of base and precious metal opportunities in Turkey and Romania.

Randgold highlights mining risk as Turkey seeks gold bullion

On Thursday, gold prices declined to $1,642.50 per ounce, while silver fell nearly 90 cents to settle at $31.35.

Doug Casey: "It's a dead-man-walking economy"

In an interview with Louis James, the inimitable Doug Casey throws cold water on those celebrating the economic recovery.

European Goldfields and Eldorado tie-up: At last investors can cheer news about Greece

The $2.5 billion deal saw European Goldfields add 6.4% in afternoon trade on Tuesday while Eldorado gained 6% to bring their combined market value to $10 billion.

Martin Engineering holds conveyor symposium in Antalya

Global provider of mining conveyor solutions, Martin Engineering, has completed a Conveyor Safety and Productivity Symposium in Antalya, Turkey, introducing strategies and innovations for improving safety practices while enhancing profitability. More than 40 management and supervisory personnel attended the event, representing a wide range of industries, including aggregates/cement, mining, coal/power, steel production and dry bulk handling.

Centerra Gold Updates Reserves and Resources Total Gold Reserves 8.1 million Contained Ounces

Centerra Gold Inc. (TSX:CG) today issued updated estimates for the Company's reserves and resources based on its successful 2011 exploration program.

TORONTO, ONTARIO–(Marketwire – Feb. 9, 2012) –

Eldorado Gold Corporation begins gold treatment in Turkey

Eldorado Gold Corporation (ASX: EAU) has commenced treatment of concentrate from the company’s Efemcukuru mine in Turkey after commissioning a concentrate treatment plant.

Stratex International Plc – Turkey Update

Stratex International plc ("Stratex‟ or "the Company‟), the AIM-quoted exploration and development company focussed on gold and base metals in Turkey and East Africa, is pleased to report additional significant gold intersections from drilling at the

IP/Resistivity survey at Empire Mining's Karapinar copper project in Turkey outlines a strong chargeable anomaly 800 x 800 meters across, indicating possible significant extension

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Nov. 1, 2011) – Empire Mining Corporation (TSX VENTURE:EPC) ("Empire") is pleased to announce results of the IP/Resistivity survey and of the drilling program recently completed at its Karapinar c…

Erdemir earnings, production surge for Q1-Q3 2011

- 13:11 GMT Location: London KEYWORDS: Erdemir , Turkey , steel Turkey’s biggest steel producer, Erdemir, has posted a 49% surge in earnings before interest, taxes, depreciation and amortisation (Ebitda) year-on-year for the first nine months of 201…

Turkish longs expected to sink further

Turkish longs exports, which in mid-October were touching $675/t to $690/t fob, have now sunk to levels of $655-660/t (€463-466/t) fob for rebar and $670/t fob for wire rod (mesh).

Alacer Gold operations not harmed by Turkish earthquake

Alacer Gold (TSE:ASR) reports no injuries or damage occurred at the Çöpler Gold Project after a 7.2 magnitude earthquake struck the southern part of Turkey.

Over 200 people are confirmed dead with hundreds of more casualties expected. Structural damage near the earthquake is extensive.

The U.S. Geological Survey reported the epicenter was in the village of Tabani, about 410 kilometers southeast of Çöpler.

Alamos Gold Announces Appointment of Vice President, Projects

TORONTO, ONTARIO–(Marketwire – Oct. 17, 2011) – Alamos Gold Inc. (TSX:AGI) ("Alamos" or the "Company") is pleased to announce that Mr. Han Ilhan will join the Company as Vice President of Projects effective October 17, 2011. Mr. Ilhan has…

Red Crescent Provides Geological and Exploration Update on Hakkari Zinc

- Confirms higher grade drill intersections and assay results -

UAE primary aluminium sector targets growth in Turkey

(MENAFN Press) Against the economic instability in neighbouring Europe, Turkey remains a strong regional economy. Indeed, the International Monetary Fund ("IMF") recently revised the forecast growth for Turkey's economy upwardly to 7.5 pe…

Turkey may import around 70 tonnes of gold in 2012

The chairman of the Istanbul Gold Exchange was quoted Wednesday saying he expected Turkey to import around 70 tonnes in 2012, similar to 2011, as higher prices and a weaker lira would weigh upon demand (Reuters), although growing investment demand had helped to offset weaker jewellery demand with around 5kt (3%) of the world’s stock being held in the country.

Empire Mining sampling returns significant copper-gold anomaly 1.8 km long and still open on strike

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Sept. 26, 2011) – Empire Mining Corporation (TSX VENTURE:EPC) ("Empire") is pleased to report that an ongoing sampling program at the newly-identified Southwest Zone of the Demirtepe wollastonite-hosted copper-gold-silver and molybdenum project in Turkey, has identified a continuous copper-gold anomalous zone currently about 1.8 km long and up to 800 metres wide and still open to the southwest. The new Southwest Zone is located approx. 1 km to the southwest of the Main Zone.

Empire Mining Corporation: IP/resistivity survey commences at Karapinar copper project, Turkey

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Sept. 21, 2011) – Empire Mining Corporation (TSX VENTURE:EPC) ("Empire") is pleased to announce that an IP/resistivity survey has commenced at the Karapinar copper project to seek extensions to the chalcocite enrichment blanket identified in recent drilling, and to target higher grade primary porphyry and skarn mineralization to the north of the previously drilled area. A total of eight line kilometres are planned in four north-south profiles, each two kilometres long. Dipole-dipole surveying will be used with a six dipole array, with spacing of 200 metres. Empire plans to drill test any targets generated.

Empire Mining final assays from Demirtepe main zone return significant copper-gold-silver and molybdenum values

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Sept. 20, 2011) - Empire Mining Corporation (TSX VENTURE:EPC) ("Empire") is pleased to report the final assay results for the remaining drill holes from Phase I drilling at the Demirtepe copper-gold-silver-molybdenum project located in western Turkey, where drilling in the Main Zone has consistently intercepted significant shallow mineralization in every hole completed. The most recent assays include the following significant copper-gold-silver and molybdenum intersections