Alamos Gold suspends Turkish mine construction – by Niall McGee (Globe and Mail – October 15, 2019)

https://www.theglobeandmail.com/

Canadian mining company Alamos Gold Inc. is suspending construction of a new Turkish gold mine after it failed to obtain a timely renewal of a mining concession.

The development comes a few months after thousands of protesters flooded the area in the vicinity of the proposed mine in northwestern Turkey, taking issue with deforestation and the company’s planned use of the chemical cyanide at the site.

The mining concession expired on Sunday and Alamos says it is working with the Turkish department of energy and natural resources to try to obtain the renewal of the concession.

Kirazli was due to start production late next year and Alamos had planned to produce an average of 100,000 ounces of gold over a six-year period at the open pit mine.

“Given the uncertainty around the timing of the concession renewal, initial production from Kirazlı has been delayed,” the company said in the release.

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