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Gold mining company to file $1B claim against Turkey over halted project

Canadian mining company Alamos Gold announced Tuesday it would seek $1 billion from Turkey after mining concessions expired for a controversial project in the nation’s northwestern Canakkale region.
YASIN AKGUL/AFP via Getty Images

ISTANBUL — The Canada-based mining company Alamos Gold announced Tuesday it would seek more than $1 billion from Turkey for “expropriation and unfair and inequitable treatment” regarding a halted gold mining project in the country’s northwestern Canakkale region.

In a statement Tuesday, Alamos said its Netherlands-based office would file an investment treaty claim against Turkey over the controversial Kirazli gold mine project, which stalled in October 2019 after its mining concessions expired amid protests against the development.

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