The Kirazli gold project is located in a wooded region near Mount Ida – or Kaz, as it locally known – which produces huge amounts of oxygen and is home to diverse flora. (Image courtesy of Alamos Gold)
Turkey’s Nurol Holding is seeking to buy Alamos Gold Inc.’s local mines in a deal that could bring an end to the Canadian miner’s $1 billion claim against the government for alleged mistreatment.
The acquisition would include all three gold and silver projects owned by Alamos in the northwestern Canakkale province, people familiar with the Turkish conglomerate’s plans said, asking not to be named as the discussions are private.
Nurol declined to comment. Alamos didn’t respond to email and phone requests for comment.
The most advanced of the three sites, Kirazli, stalled in 2019 when Turkey’s government didn’t renew its licenses and later canceled a forestry permit. The site also became…
