Koza gold firm starts up company in UK


Date posted: April 5, 2014

ISTANBUL

The Turkish gold firm Koza Altın, which has faced several setbacks in its mines in Turkey, has started up a 60-million pound ($100 million) capitalized company in the United Kingdom.

“The U.K.-based Koza Ltd Company was founded as a 100 percent subsidiary of Koza Altın, with the aim of engaging in mining operations abroad,” the firm said in a statement sent to the Public Disclosure Platform (KAP).

The gold company, whose owner Akın İpek is known to have close ties with Islamic scholar Fethullah Gülen’s Hizmet (Service) movement, has been hit by the suspension of several of its mining fields.

Koza’s activities in a mine in the Central Anatolian province of Eskişehir were suspended by the governorship, two months after the halting of another mine.

First in January, the İzmir Provincial Administration had ordered for the closure of its Çukuralan mine in the Aegean province due to the absence of “environmental permits or the environmental permits and licenses’ document.” After a court suspended the administration’s order, the operations at its Çukuralan field, from where around a quarter of its output is yielded, resumed.

Later, the company decided to shut down its Mastra mine in the Black Sea province of Gümüşhane after the Energy Ministry held off the firm’s operations there.

Most recently, in the beginning of March, the Eskişehir Governorship suspended operations at the company’s Kaymaz open cast mine, located in the Karakaya village, claiming part of the area was a meadow.

Koza Altın’ operations in the Ovacık, Çukuralan, Çoraklıktepe, Kubaşlar and Himmetdede mines are still continuing.

The Supreme Board of Radio and Television (RTÜK) also cancelled the national broadcast license of Kanaltürk, the TV channel owned by İpek, in a move that will significantly reduce Kanaltürk’s advertising revenue.

Source: Hurriyet Daily , April 2, 2014


Related News

AKP winning perception war !

The probe, which many predicted to be the end of the Justice and Development Party (AKP), has become a war of perception. If you google “graft,” “bribery” or “corruption” in Turkish, you will see the focus has already shifted to a concept so far unheard of in Turkish politics (the “parallel state”), reassigning public prosecutors and police officers to different posts, condemning all sorts of “disinformation” and changing laws governing the structure of the judiciary.

Pak businessmen asked to attend Istanbul Expo

The Regional Director Pak Turk International Schools and Colleges Ali Yilmaz has called upon the business community of Pakistan to fully take part in two days long World Trade Bridge 2014. The World Trade Bridge 2014 is being organized by TUSKON at Expo Centre Istanbul from June 18, 2014.

Caretaker AK Party gov’t criticized for police operation against youth association

The Yağmur Education, Culture, Youth and Sports Association, which was founded in 2013 by Ahmet Turhan, the Balıkesir governor of the time, has been giving Quran lessons to 60 children during Ramadan.

Turkey’s political weather forecast

A statement from the Higher Board of Judges and Prosecutors (HSYK) said a decree from Prime Minister Tayyip Erdoğan’s Justice and Development Party (AKParti) government was against the Turkish Constitution. The Board was mentioning the government’s Dec. 21 decree, asking prosecutors to inform local administrative authorities about their investigations, which was supposed to be confidential

Pro-AKP media flop as corruption charges swell

This may be a Gulen Movement attack on the government. However, one cannot help but ask who gave the Gulen Movement so much access in the government to begin with? Also, the government has been screaming “show us evidence” to all questions of financing and allegations of corruption. Now it seems there is some sort of evidence — should not those be dealt with first? Shouldn’t the AKP come clean with the Turkish public first, and then fight its battle with the Gulen Movement or other “foreign” provocateurs?

Efforts to accuse Hizmet movement of conspiracy failed, says lawyer

With the courts continuing to release police officers arrested in government-backed investigations, the lawyer of one of these officers says the court decisions have shown that the government is failing to demonstrate that the faith-based Hizmet movement was behind efforts to overthrow the government.

Latest News

Fethullah Gulen – man of education, peace and dialogue – passes away

Fethullah Gülen’s Condolence Message for South African Human Rights Defender Archbishop Desmond Tutu

Hizmet Movement Declares Core Values with Unified Voice

Ankara systematically tortures supporters of Gülen movement, Kurds, Turkey Tribunal rapporteurs say

Erdogan possessed by Pharaoh, Herod, Hitler spirits?

Devious Use of International Organizations to Persecute Dissidents Abroad: The Erdogan Case

A “Controlled Coup”: Erdogan’s Contribution to the Autocrats’ Playbook

Why is Turkey’s Erdogan persecuting the Gulen movement?

Purge-victim man sent back to prison over Gulen links despite stage 4 cancer diagnosis

In Case You Missed It

Afghan-Turk Teachers Call Their Extradition Illegal

Most Turkish asylum seekers in Netherlands Gülen followers

Gülen: Society not divided into Kemalists, Muslims in Turkey

American academic: Hizmet Movement serves for entire humanity

Turkish press council condemns false reports on Gülen movement

Students from around the globe spread the idea of ‘Vasudhaiva Kutumbakam’

Businessman jailed over Gülen links dies of cancer after his belated release from prison

Copyright 2025 Hizmet News