Turkey produces around 60 different minerals, ranking it in the top ten countries globally with regard to mineral diversity. As a result, Turkey meets a significant portion of its own raw material requirements and also maintains healthy export rates. Since 2002, exports of Turkish minerals and mining related products have risen steadily. Major notable reserves include boron, feldspar, and bentonite.
Minerals and mining rights in Turkey are exclusively owned by the state, with exploration and operation rights delegated under license in return for royalties. The local natural resources, mining and metallurgy industries are dominated by local entities. Our wide experience representing local clients is particularly valuable to international clients as it allows us to identify and mitigate local considerations or processes, often pre-emptively.
Our firm has a strong track record advising major clients on complex and innovative projects, providing clear advice on the regulatory, strategic, commercial and technical aspects of these industries. As a result, our firm is at the forefront of developments in Turkey and assists our clients in navigating the related legal and incentive hurdles to investment. We advise clients in all aspects, including mineral research, exploration, extraction and processing, as well as development, funding, operation and exit. Our expertise with the closely related energy and renewables sectors is also key to supporting our clients in this regard.
We have particular experience and expertise in the metallurgy sector, advising clients involved in iron and steel production, touching on all stages of the production process. This experience gives our team particular insight into sector-specific contracts, regulations and practices. For example, mining royalty agreements, sale and purchase agreements for electric arc furnace dust, as well as license agreements for production and extraction of metals and minerals. This sectorial experience guides our due diligence activities to ensure they are focused and efficient in any given project.