HomeEconomyTürkiye revokes SSR Mining's license after massive landslide

Türkiye revokes SSR Mining’s license after massive landslide

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Türkiye has revoked the environmental allow for a gold mine managed by SSR Mining in japanese Türkiye, the place a large landslide final week left 9 employees lacking, the corporate stated late Sunday.

The operations on the Denver-based firm’s Çöpler mine will stay suspended till additional discover, it stated in an announcement.

An enormous landslide engulfed the mine within the city of Iliç in Türkiye’s mountainous Erzincan province Tuesday, trapping the employees underneath tons of rubble and turning into a possible environmental catastrophe.

The landslide concerned a mound of soil extracted from the mine, Interior Minister Ali Yerlikaya beforehand stated.

The catastrophe sparked a greater than 50% drop in SSR Mining’s Toronto-listed shares.

Search and rescue operations to find the 9 lacking employees on the mine are persevering with, the corporate stated.

The mine produced 56,768 ounces of gold within the third quarter of final 12 months and is SSR’s second-largest producing gold mine, working since 2010.

The mine is run by non-public firm Anagold, 80% of which is owned by SSR Mining and 20% by Lidya Mining.

Authorities on Sunday detained Cengiz Demirci, Türkiye director and senior vp of operations at SSR Mining.

Energy and Natural Resources Minister Alparslan Bayraktar stated earlier Saturday that six managers on the mine had been arrested Friday night and two others launched with situations.

According to Turkish press studies, a Canadian citizen working for Anagold was among the many detained.

Efforts to seek out the lacking miners have been slowed by the danger of contemporary landslides.

“Clearing the mass of earth that covers the riverbed is our priority, and we want to avoid the risk of contaminating the water,” Bayraktar informed a press convention close to the location of the accident.

The Urbanization, Environment and Climate Change Ministry has stated a stream resulting in the close by Euphrates River, which stretches throughout Türkiye, Syria and Iraq, was closed to forestall water air pollution.

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