Alamos writes down Turkey assets

Mining News Pro - Canadian miner Alamos Gold has reported a second-quarter net loss of $172.5-million, or $0.44 a share, compared with a profit of $11.7-million in the corresponding period, after writing down the entire carrying value of its Turkish assets.

Alamos Gold seeks $1bn from Turkey over stalled Kirazli project

Mining News Pro - Canada’s Alamos Gold is seeking to obtain more than $1 billion from Turkey for what it deems as “unfair and inequitable treatment” of its Kirazli gold project, which has been halted since 2019 following protests and the expiration of the mining permit.

Alamos Gold seeks $1bn from Turkey linked to stalled project

معدن نیوز -Canada’s Alamos Gold is seeking to obtain more than $1 billion from Turkey for what it deems as “unfair and inequitable treatment” of its Kirazli gold project, which has been halted since 2019 following protests and the expiration of the mining permit.

Turkey plans to produce 100 t/y in 5 yrs - Minister

Mining News Pro - Turkey aims to increase its domestic gold production to 100 t/y or more in the next five years, Energy Minister Fatih Donmez said on Monday.

Centerra kicks off commercial mining in Turkey

Mining News Pro - Canada’s Centerra Gold has declared commercial production at its Öksüt mine in Turkey, four months after it poured first gold at the operation.

Turkey: Imported Scrap Prices Continue Downtrend in Latest Deals

Mining News Pro - Imported scrap prices to Turkey continue to move down further, as another couple of deals concluded recently were confirmed today. Buyers in Turkey were already bidding at lower price levels since the last few days, while continued weak steel sentiments suggest that further downslide in offers are expected in the coming days.

Turkey’s Cengiz ready to bid for British Steel if Chinese deal collapses

Mining News Pro - Turkish conglomerate Cengiz Holding said on Sunday it was ready to bid for British Steel if a sale to China’s Jingye Group fell through.

Opposition to Canadian miner’s planned gold mine in Turkey mounts

Mining News Pro - Canada’s Alamos Gold (TSX, NYSE: AGI) is facing growing opposition to its Kirazli project, located in a forested region near Mount Ida, western Turkey, after complaints of massive deforestation allegedly caused by the company and its planned use of cyanide flooded Turkish social media early this month.

Alacer releases updated PFS for Turkey project

Mining News Pro - Not-so-good news about higher costs and capex estimates in an updated prefeasibility study this week for Alacer Gold Corp.’s Gediktepe project in Turkey were partly offset by good news of a 117% jump in the project’s indicated resource.

Turkey: Imported Scrap Prices Move Up in Recent Trade from US

Mining News Pro - Imported scrap prices in Turkey have moved up by USD 5-6/MT W-o-W basis, following a recent deal concluded for US cargo. US scrap supplier sold HMS (80:20) at USD 341/MT, CFR Turkey.

Turkey Scrap Importer Books US Cargo

Mining News Pro - Imported scrap market in Turkey observed fresh deal from USA with steel mills actively look for December and end-November shipments. However, participants maintained outlook of imported scrap prices bullish.

Turkey: Scrap Importers Book 3 Cargoes; Prices Inch Up

Mining News Pro - Scrap importers in Turkey booked 3 more bulk scrap cargoes in last couple of days.

Turkey: Scrap Importers Book 3 Cargoes; Prices Inch Up

Mining News Pro - Scrap importers in Turkey booked 3 more bulk scrap cargoes in last couple of days. Despite recent softening of global scrap prices after rebounding during the beginning of the week, Turkish scrap prices remain supported on positive outlook.

Loading of 1000 tonnes of rebar from Bafgh Steel to Tabriz / Export to Turkey is the final destination of the loaded cargo.

Mining News Pro -  Director General of Yazd Railway said: "In the framework of the reduction of fuel consumption and implementation of the plan of resistance economy and reducing the cost of maintenance of roads, for the first time, a thousand tons of steel mills from Mobarakeh Bafg railway station for export to Turkey for the destination of Tabriz Downloaded

Turkey: Imported Scrap Prices Correct Marginally in Recent Trades

Mining News Pro - Scrap importers in Turkey have been observing range bound prices since last couple of weeks.

Turkey: Ferrous Scrap Imports Up 13% during Jan-Aug`18

Mining News Pro - Turkey-world’s largest scrap importer has been witnessing rising EAF route crude steel production in CY18. Considerably rising scrap imports could be a result of high usage of scrap in EAF steel outputs in the country.

Turkey: Iron Ore Import Drops 11% in Aug’18

Mining News Pro - The tenth largest importer of Iron ore, Turkey has recorded decline in iron ore imports for the month of Aug’18. The imports recorded at 1.08 MnT in Aug`18, down 11% as against 1.22 MnT in July`18. The Y-o-Y imports witnessed a rise of 26% in Aug`18 as against 0.86 MnT in Aug`17.

Aug’18: Turkey Billet Imports from Russia Decline

Mining News Pro - Billet Imports in Turkey plunged by around 15% M-o-M in Aug’18 & recorded four-months low, as per the recent released data by Turkey`s custom showed.

Turkey Fixes Quotas on Steel Imports and also Announces Provisional Tariffs above the Set Limits

Mining News Pro - According to the latest reports, Turkey has imposed a provisional 25% safeguard duty on certain steel products in case their imports exceed the set duty-free quota quantity. This includes carbon steel flat and long products, welded and seamless pipe, stainless flats and special steel longs. These provisional tariffs are valid for 200 days.

Iran, Russia and Turkey Likely to Eliminate USD in Trilateral Trade

Mining News Pro - Iran, one of the largest steel producer in MENA region is currently facing sanctions imposed by US.

Turkey: Steel Mills Continue Booking Scrap Cargoes

Mining News Pro - Turkey based scrap importers have continued to buy scrap in bulk cargoes for October shipments after taking a pause towards end of last week.

Is U.S. likely to Double Steel Import Tariffs on More Countries Following Turkey?

Mining News Pro - According to the latest reports, a U.S. steel trade association has warned that the nine nations may face doubling of tariffs on steel imports under section 232 keeping Turkey as a precedent whose duties were doubled only recently.

Turkey Files Complaint with WTO against U.S. Tariffs

Mining News Pro - According to the latest reports, Turkey has filed a complaint with WTO (World Trade Organisation) against the recent metal tariffs on steel and aluminium announced by U.S thus launching a process that starts with negotiations and could lead to a verdict by WTO.

Gold trading volumes double in Turkey amid currency crisis

Mining News Pro - First Turkish President Recep Tayyip Erdogan argued citizens should buy gold, then he said sell. Add dramatic swings in the lira, and the country’s traders are now enthusiastically doing both.

Foreign exchange inflammation has shaken the trade balance between Iran and Turkey

Mining News Pro - An examination of foreign trade statistics shows that in the first four months of the current year, the trade balance and the volume of imports and exports of Iran and Turkey have seen significant changes.

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