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Alamos Gold plans $1-billion arbitration suit against Turkey over mine renewal Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account
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KEMAL ASLAN/Reuters
Alamos Gold Inc. says it intends to launch a $1-billion international arbitration suit against Turkey, alleging “expropriation and unfair and inequitable treatment,” after the government failed to renew a key mining license.
In October, 2019, Alamos halted construction of the Kirazli mine after the Turkish government refused to issue a seven-year renewal on its mining license. The government’s decision came after thousands of people turned out to protest the construction of the mine on environmental grounds.
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