Turkish holding has stopped investing in gold mining in Ukraine

The Turkish construction holding Onur Group has stopped investing in gold mining in Ukraine amid its futility and economic costs. This was announced on June 9 by the company's general manager in the country, Emre Karaahmetoglu, in an interview with Forbes Ukraine magazine.

"This does not make it economically feasible for mining. Therefore, we do not see any prospects in this area and do not plan to invest further," he said.

It is noted that the company invested in the Zheltovodsk gold mining site, which was located in the Dnipropetrovsk region. However, the actual values of the precious metal amounted to 1.4 grams of gold per ton of ore, with expected values of 4.5 g.

In addition, Karaahmetoglu clarified that Onur Group plans to conduct industrial production at the graphite deposit in the Khmelnytsky region from 2026.

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