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

Turkey’s Judicial Purge Threatens the Rule of Law

But nothing in those proposed laws came close to undercutting Turkey’s justice system like the judicial purge does. If they want to be consistent, European leaders should insist on the reinstatement of the fired judges, or at least case-by-case adjudication of their alleged wrongdoing. The U.S. should make similar demands on its NATO ally. The future of the rule of law in Turkey lies in the balance.

US, Gülen to trigger artificial earthquake(!) in İstanbul, Ankara mayor says

Ankara’s mayor Melih Gökçek claimed in series of tweets from his personal account on Saturday that external powers, including the US, is planning to trigger a artificial eartquake in İstanbul along theGülen Movement. “I had said FETO and US expects an earthquake in İstanbul in August 14 similar to the Gölcük eartquake in 1999. I ruined their plan after revealing in TVs. But the propoganda continues. The plan was to trigger an earthquake in İstanbul to destroy Turkey’s economy as US promised to FETO,” Gökçek wrote.

Sudan arrests Gülen-linked businessman at Turkey’s request

Sudanese law enforcement detained Turkish businessman Memduh Çıkmaz at Ankara’s request as part of an investigation into the Gülen movement. Çıkmaz was detained in the capital city of Khartoum on Wednesday and denied request to meet his lawyer and family members.

Worldview: No evidence, no extradition of Pa. cleric to Turkey

That’s the claim of Turkish president Recep Tayyip Erdogan, who is demanding that the United States extradite Fethullah Gulen, a 77-year-old Turkish cleric living on a 26-acre retreat in Saylorsburg, whom he blames for orchestrating the failed coup.

Turkish Woman, Arrested During Husband’s Funeral, Separated From Son

Esra Celik whose husband died during medical surgery was arrested by the Turkish police during the funeral ceremony as part of the post-coup crackdown on government opponents.

ABA urges Obama to protest Turkey’s suppression of free speech

On September 1, the American Booksellers Association joined American publishers, authors, and librarians in a letter urging President Obama to protest the widespread suppression of free speech in Turkey during his September 4 meeting with Turkish President Tayyip Erdoğan in China.

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

Fears for Gulen-inspired Turkish schools in Pakistan grow

GYV discusses respect for sacred values at UN panel

What does religion have to do with corruption?

Kimse Yok Mu helps flood victims in Tajikistan

At British Muslim Heritage Centre in Manchester

Erdogan pushes to close down Gulen-inspired Turkish schools in Africa

Take protests seriously, work to solve problems, Fethullah Gülen urges

Copyright 2025 Hizmet News