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Sitting on a Gold Mine by ProQuest


With prices of the precious metal at historical peaks, Turkey has become a destination of choice for gold mining companies, encouraged by the political stability and the favorable business climate brought in by the new Mining Law. Some industry leaders complain that foreign companies are too easy a target for local NGOs and that generally Turkish companies do not need to invest as much money and time as they do in communication and social responsibility initiatives. Besides the relevant authorities, Anatolia is also making sure that the neighboring communities are involved in the decision-making processes.\n Sebnem nder, a specialist in Turkish mining regulations at akmak, a law firm affiliated to White & Case that assists foreign mining companies in establishing their subsidiaries in the country, further explains the possible problems derived from the current legislative framework.

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