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

Fethullah Gulen challenges Erdogan, calls for international probe into Turkey coup allegations

Fethullah Gulen calls for international probe into Turkey coup allegations, says will accept findings.

27-Years-Old Mother With 11-Months-Old Son Found In Ankara’s Sincan Prison

Yağmur Balcı, a 27-years-old mother, who disappeared together with his 11-months-old son in a Trabzon Prison, has been found in Sincan Prison in Ankara on Monday morning. Turkey’s Republican People’s Party deputy Sezgin Tanrıkulu has announced that Yağmur Balcı and his son was transferred to Sincan Women Prison in Ankara without giving any information to her lawyer and her family.

Pakistan – Turkish teachers, students not to be deported, court told

The federal government Wednesday told the Lahore High Court that Turkish national teachers and students of PakTurk International Schools would not be deported.

Slanders against Hizmet Movement at highest level, which offends Anatolians

ANFED held a general meeting in Ankara, which brought together 22 associations. After the meeting, Bıyık made some explanations to the reporters on the agenda of the country. Anatolian people are out of sorts due to excessive intervention of the government to the law system, the Supreme Board of Judges and Prosecutors (HSYK) and law-enforcement officers.

‘State of rule of law suspended in Turkey, if not completely eliminated’

I’ve been in the military judiciary for years and I haven’t observed anything like it [“parallel state” in regards to the Hizmet movement], and I haven’t observed it in the civilian judiciary, either.

Mother of 2 detained while visiting jailed husband during Eid holiday

42-year-old Ozen Alkan was detainedon Monday, June 26 while she was visiting her husband, already under arrest over his alleged links to the Gulen movement. It was the second day of Muslim festival of Eid-Al-Fitr on Monday.

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

Corruption, Stigmatization, and Innocence

500 Food Packages to 500 Families

A road less traveled

Turkey’s Erdogan attempts to have Gambia close down Turkish schools

AK Party’s Deputy Günay joins intra-party opposition to prep school ban

Beating ‘domestic enemies’ in the game of ‘advanced’ democracy

Greek Orthodox Bishop Demetrios Honored

Copyright 2025 Hizmet News