Turkey’s gold rush whets appetite of gold-mining companies

Turkey’s gold rush whets appetite of gold-mining companies

Turkish demonstrators stand near a barricade made with barbed wires and tree branches during a protest in a bid to block construction work of a goldmine project in an ecologically pristine area in the Black Sea region, on Feb. 17, 2016, in the northern Turkish city of Artvin. Photo by YASIN AKGUL/AFP via Getty Images). The economic uncertainties sparked by the COVID-19 pandemic have led to the global rise of gold as a financial safe haven. In Turkey, where the demand for gold has been traditionally high, the gold rush has reached jaw-dropping levels, fueled also by the nosedive of the Turkish lira.

Amid rising gold prices, gold-mining companies are eager to expand their activities in Turkey, and the ruling Justice and Development (AKP) is ready to grant them new favors — although the environmental damage caused by the industry has given rise to one the country’s most vigorous environmentalist […]

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