"Hidden" Risks In Mining Projects In Turkey

Soil of Turkey includes a lot of variety in mines and minerals. There is an extensive mining capacity and mining possibilities encompass various regions. However, a risky business in its very nature, investment and procedures to start mining operations and the rules to follow during mining operations may get complicated and require professional legal, financial and technical aid and follow-up. The complications may somewhat get augmented due to the general mining practices which may not always be "compliance-friendly" and the time taken by the administrative bureaucracy for transactions related to the mining.

The primary mining-specific legislation and regulations in Turkey generally consist of (i) Mining Law (Law No. 3213, published in the Official Gazette dated June 15, 1985 and numbered 18785) ("Mining Law"), (ii) Implementation Regulation on Mining Activities (published in the Official Gazette dated November 6, 2010 and numbered 27751) ("Mining Regulation"),