Precious Metals Mining Industry in Turkey and Ghana to 2020 - a Focus on the Gold Industry

on Sunday, 28 September 2014 include new market research report " Precious Metals Mining in Turkey and Ghana to 2020: Industry Size, Shares, Growth, Analysis, Trends And Forecast" to its huge collection of research reports.

Precious Metals Mining in Turkey:-

Turkey leads in European gold production and is likely to be a prominent future global gold producer. In 2013, according to the Turkish Gold Miners Association (TGMA), the country accounted for approximately 1.2% of global gold mine production, or 1.2 million ounces – an increase of 13.2% over the previous year – although the country has to scale up to 1.8 million ounces (50 tonnes) by 2015 in order to be among the world’s top 15 gold producers. Turkish gold mine production is forecast to grow at a compound annual growth rate (CAGR) of 9.5% over the forecast period (2014–2020), to reach 2.1 million ounces in 2020. View Full Report with TOC at:

Key highlights:- 
  • Turkey is competitively placed in terms of its geographical location with significant mineral deposits and potential for newer discoveries, with only Western Turkey in particular having been comprehensively explored until now.
  • The country has strong academic infrastructure with 21 mining engineering departments in 19 cities and has managed to attract huge foreign direct invest (FDI) into exploration, development and active projects, to the tune of US$250 million in 2013. 
  • Its substantial mineral reserve base is a big attraction for foreign investors and the rapid expansion of the gold mining industry was the chief stimulant behind foreign investments in 2013.
  • The Turkish mining industry is struggling with legal uncertainty caused by a rapid change in court decisions and inconsistent implementation of governmental regulations. The Mining law was changed twice in 10 years, although environmental legislation and reporting requirements are continuously changing.

Precious Metals Mining in Ghana:-

Factors such as positive investment environment, accessibility of geological data, political steadiness, plentiful reserves and upcoming projects are expected to drive the country’s mining industry. However, the Ghanaian mining sector will need to overcome challenges such as illegal mining, electricity shortages, condensed subsidies and its tax structure, which could have a negative impact on the industry. View Full Report with TOC at:

Key highlights:-
  • Ghana has substantial reserves of gold, diamond, bauxite and manganese. In 2013, the country discovered deposits of other minerals such as phosphate, nickel, chromium and uranium through its Mining Sector Support Programme, which is sponsored by the European Commission.
  • Ghana is the world’s 10th-largest gold producer, as well as the second largest producer of gold in Africa, after South Africa, with a production volume of 3.4 million ounces in 2013. 
  • Ghana had 2,000 tonnes of gold metal content in its ore reserves at the end of 2013, accounting for 3.7% of global gold reserves; ranking the country eighth, according to USGS.
  • Ghana has several upcoming projects which are expected to start production over 2014–2020. There are 118 upcoming gold projects, of which 114 are under exploration and four are in the feasibility stage.

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