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Turkey's gold output reaches record high in 2020: Min.

- Annual production of 42 tonnes last year marks highest level in history of Republic of Turkey

home > Türkiye 07.01.2021 13:41 Ebru Şengül

Turkey's gold output reaches record high in 2020: Min.

Turkey's gold production in 2020 reached the highest level in the history of the Republic of Turkey at 42 tonnes, Energy and Natural Resources Minister Fatih Donmez said Thursday.

"This [production in 2020] has made a $2.4 billion contribution to our economy," Donmez said during his meeting with the Turkish Gold Miners Association at the ministry.

This record supersedes the record hit in 2019 when 38 tonnes of gold was produced.

Turkey to date has invested $6 billion in the gold sector, which currently employs 13,200, he said.

Turkey started gold production in 2001 with a modest 1.4 tonnes, but Donmez said that over the past 20 years 382 tonnes of gold was produced, which helped Turkey obtain tax revenues equivalent to 76 tonnes of gold.

Nonetheless, Donmez highlighted the huge savings that could be made in gold imports, which last year showed a year-on-year 123% increase to $25.2 billion. This, he said, could be achieved through Turkey producing the equivalent of half of its gold imports while ensuring that $12.5 billion would stay in the country.

In Turkey, a total of 18 gold mines are in production, while 20 new gold mine projects are awaiting investment.

"Hopefully when these projects are realized, our gold production will reach 100 tonnes. Our target is to meet our gold needs from local sources, decrease the gold-related current deficit [imports] considerably and increase employment in this field," he asserted.

Reporting by Murat Temizer

Writing by Ebru Sengul Cevrioglu

Anadolu Agency

energy@aa.com.tr




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16.10.2023 Electricity , Türkiye

Spot market natural gas prices for Friday, Oct. 13

- 1,000 cubic meters of natural gas on spot market costs 10,968.50 Turkish liras
14.10.2023 Natural Gas , Türkiye

Spot market electricity prices for Saturday, Oct. 15

- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to around 964.93 million Turkish liras
14.10.2023 Electricity , Türkiye

Spot market natural gas prices for Thursday, Oct. 12

- 1,000 cubic meters of natural gas on spot market costs 10,986.07 Turkish liras
14.10.2023 Natural Gas , Türkiye

Spot market electricity prices for Saturday, Oct. 14

- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to around 1.12 billion Turkish liras
14.10.2023 Electricity , Türkiye

Türkiye's daily power consumption down 0.21% on Oct. 13

- Electricity exports amount to 6,021 megawatt-hours and imports total 16,812 megawatt-hours
15.10.2023 Electricity , Türkiye

Türkiye's daily power consumption up 0.20% on Oct. 12

- Electricity exports amount to 5,673 megawatt-hours and imports total 16,903 megawatt-hours
14.10.2023 Electricity , Türkiye

Türkiye plans to maximize trade hub project to include natural gas, electricity and minerals

- In exclusive interview with Anadolu on sidelines of Russian Energy Week, Turkish energy minister discusses Türkiye’s efforts to establish international energy trade
16.10.2023 World , Türkiye

Spot market natural gas prices for Tuesday, Oct. 10

- 1,000 cubic meters of natural gas on spot market costs 10,933.81 Turkish liras
11.10.2023 Natural Gas , Türkiye

Türkiye aims to build 60 gigawatts of renewables capacity by 2035

-Turkish energy minister says approximately 55% of installed capacity is generated from renewables
12.10.2023 World , Türkiye

Spot market electricity prices for Wednesday, Oct. 11

- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to around 1.08 billion Turkish liras
11.10.2023 Electricity , Türkiye

Türkiye's daily power consumption up 15.9% on Oct. 9

- Electricity exports amount to 5,557 megawatt-hours and imports total 16,978 megawatt-hours
10.10.2023 Electricity , Türkiye

Spot market natural gas prices for Sunday, Oct. 8

- 1,000 cubic meters of natural gas on spot market costs 10,938.59 Turkish liras
09.10.2023 Natural Gas , Türkiye

Spot market electricity prices for Tuesday, Oct. 10

- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to around 1.16 billion Turkish liras
09.10.2023 Electricity , Türkiye

Spot market electricity prices for Monday, Oct. 9

- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to around 1.07 billion Turkish liras
09.10.2023 Electricity , Türkiye

Spot market natural gas prices for Saturday, Oct. 7

- 1,000 cubic meters of natural gas on spot market costs 10,979.35 Turkish liras
09.10.2023 Natural Gas , Türkiye

Türkiye's daily power consumption down 5.1% on Oct. 7

- Electricity exports amount to 3,824 megawatt-hours and imports total 21,062 megawatt-hours
09.10.2023 Electricity , Türkiye

Türkiye to start generating power from Akkuyu nuclear plant next year

- Turkish energy minister says significant progress have been achieved in talks with China for construction of second nuclear power plant in Thrace region
06.10.2023 Türkiye

Spot market natural gas prices for Wednesday, Oct. 4

- 1,000 cubic meters of natural gas on spot market costs 11,106.68 Turkish liras
06.10.2023 Natural Gas , Türkiye

Spot market electricity prices for Friday, Oct. 6

- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to around 1.22 billion Turkish liras
05.10.2023 Electricity , Türkiye

Türkiye's daily power consumption up 0.88% on Oct. 4

- Electricity exports amount to 3,956 megawatt-hours and imports total 19,860 megawatt-hours
05.10.2023 Electricity , Türkiye

Spot market electricity prices for Thursday, Oct. 5

- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to around 1.23 billion Turkish liras
04.10.2023 Electricity , Türkiye

Spot market natural gas prices for Tuesday, Oct. 3

- 1,000 cubic meters of natural gas on spot market costs 10,982.44 Turkish liras
04.10.2023 Natural Gas , Türkiye

Türkiye set to play key role as Europe's energy supplier

- Country has signed natural gas export agreements with four countries in Europe this year
05.10.2023 Natural Gas , Türkiye

Türkiye's daily power consumption down 13.7% on Oct. 1

- Electricity exports amount to 5,626 megawatt-hours and imports total 19,345 megawatt-hours
02.10.2023 Electricity , Türkiye

Spot market natural gas prices for Saturday, Sept. 30

- 1,000 cubic meters of natural gas on spot market costs 10,566.33 Turkish liras
02.10.2023 Natural Gas , Türkiye

Oil flow via Iraq-Türkiye pipeline will resume this week: Turkish energy minister

- When pipeline restarts, around 500,000 barrels per day of oil will pump to global markets, says Alparslan Bayraktar
02.10.2023 Oil , World , Türkiye

Türkiye's daily power consumption down 5,9% on Sept. 29

- Electricity exports amount to 5,390 megawatt-hours and imports total 17,943 megawatt-hours
02.10.2023 Electricity , Türkiye

Spot market natural gas prices for Friday, Sept. 29

- 1,000 cubic meters of natural gas on spot market costs 10,102.64 Turkish liras
30.09.2023 Natural Gas , Türkiye

Spot market electricity prices for Sunday, Oct. 1

- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to around 789.89 million Turkish liras
30.09.2023 Electricity , Türkiye

Türkiye's licensed power generation up 8.93% in July

- Installed electricity capacity rises by around 1.89% in July compared to same month last year
30.09.2023 Electricity , Türkiye

Türkiye's oil imports down 1.46% in July 2023

- Crude oil imports drop in July drop by 19.3% to 2.41 million tons, latest data shows
30.09.2023 Oil , Türkiye

Türkiye's daily power consumption down 3.3% on Sept. 29

- Electricity exports amount to 4,146 megawatt-hours and imports total 17,111 megawatt-hours
30.09.2023 Electricity , Türkiye

Türkiye's Fatih drilling vessel starts operations in Filyos-1 well in Black Sea

- Turkish Petroleum Corporation posts on X social media platform of latest drilling operations in Filyos-1 well in Black Sea
02.10.2023 Natural Gas , Türkiye
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