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.