A Snapshot of the Industry
Turkey's ever growing energy needs
relocates the mining industry to the
center stage in Turkey's energy policy. However as the
mining industry still commands the center
stage for the satisfaction of Turkey's energy
needs, its problems still linger and beg for solutions.
The past decade has seen an enormous growth of the
mining industry in parallel with the impressive
growth of the national economy. In 2002, the overall size of the
Turkish mining industry stood at USD$ 1.9 billion which had
corresponded to a mere 1.1% share of the overall GDP. Precisely a
decade later in 2012 the industry had managed to reach a
significant size to register an overall size of USD$ 11.7 billion.
The took off is no surprise since the national economy had boomed
to demonstrate an immense rate of growth bordering on double digit
numbers during the same period. The economic growth, inevitably
fuelled by energy consumption, spilled over to the mining
sector.
