During the review period 2007-2011, the Turkish mining sector grew at a compound annual growth rate (CAGR) of 5.8%.
Over the forecast period, the country’s mining exploration will be an attractive investment opportunity and is expected to grow at CAGR of 4.56%.
Turkey’s non-metallic mineral category accounts for the majority of the country’s mined resources and it represented 51.1% of total mining production in volume terms in 2011.
Coal accounted for a share of 45.5% of the country’s mining production volume, while metallic minerals accounted for 3.4%.
According to a government organization, Turkish Coal Enterprises, Turkey is rich in mineral wealth which has only been partially explored and is currently underdeveloped.
The Turkish government has encouraged foreign investments through its liberal FDI policy and its planned accession to the EU.
Turkey’s economic prospects are expected to remain positive over the forecast period, which suggests a massive opportunity for growth for mining firms, the report said.
The full report, ‘Turkey Mining Industry Outlook – Market Opportunities and Entry Strategies, Analyses and Forecasts to 2016’ is available from BRICdata. Click here for more details.
