Alamos Gold has suspended construction activities at its Kirazli gold project in Turkey while it seeks the renewal of mining concessions, which expired on 13 October.

The company said that no further construction can be completed until the renewal of the mining concessions.

Alamos has met all the requirements and conditions of the regulatory bodies and expected the renewal by the expiration date.

The company is working with the Turkish Department of Energy and Natural Resources on receiving the renewal grants of the mining concessions, which would allow the restart of construction activities at the project site.

The renewal is required to be approved by the same government department that granted the Operating Permit to start earthworks on the open-pit area for Kirazlı in March.

Alamos said in a statement: “After earning the support of the local communities and passing a rigorous environmental review process, the company was granted approval of all the major permits needed to build Kirazlı including the Environmental Impact Assessment, Forestry Permits, GSM and Operating Permits.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The local communities surrounding the Kirazlı project remain supportive of the project.

Alamos mentioned that initial production from Kirazlı has been delayed from the previous estimation of late 2020.

The company added that it would provide an updated budget and guidance on the construction schedule for the project once the concessions are renewed.

In September 2017, Alamos Gold signed a $770m agreement to acquire all issued and outstanding shares of Richmont Mines.

Alamos has diversified production from the Young-Davidson and Island Gold mines in northern Ontario, Canada and the Mulatos and El Chanate mines in Sonora State, Mexico.