Expropriation Procedures within the Scope of the Söğüt Gold Mine Project

Expropriation procedures within the scope of the cold gold mine project
Expropriation procedures within the scope of the cold gold mine project
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Within the scope of the Söğüt Gold Mine Project, a notification was made regarding the expropriation procedures.

The statement made by Gübre Fabrikaları TAŞ to the Public Disclosure Platform (KAP) is as follows: ”Our subsidiary Gübretaş Maden Yatırımları A.Ş., the real estate belonging to third parties located in the mining operation license area 82050 within the borders of Söğüt district of Bilecik, where the Söğüt Gold Mine Project is located, Söğüt gold mine, which will provide one of the most important contributions towards the gold production target of our country and will contribute positively to closing the foreign trade deficit in the country's economy, can be put into production phase immediately and it will contribute to the national economy. kazanAn application was made to the General Directorate of Mining and Petroleum Affairs on 25.03.2021 for urgent expropriation. With the President's decision dated 16.10.2021 and numbered 4626, the General Directorate of Mining and Petroleum Affairs decided to expropriate the immovables within the boundaries of the mentioned mining license area and needed for gold + silver ore production, by the General Directorate of Mining and Petroleum Affairs, pursuant to Article 2942 of the Expropriation Law No. 27. and this decision was published in the Official Gazette dated 17.10.2021 and numbered 31631. After the registration process of the immovable properties annexed to the Presidential Decree is completed in the name of the treasury, the allocation process to Gübretaş Maden Yatırımları A.Ş. to engage in construction and mining activities will be initiated immediately.”

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