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Türkkan Law Firm
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Event10 Date6 October 2026 LocationGold Miners Association, Ankara OrganiserGold Miners Association

Visit to the Gold Miners Association: Gold's Path from Mine to Exchange

Our founder visited Dr Muhterem Köse, General Coordinator of the Gold Miners Association, in Ankara, for an exchange of views on gold mining and precious metals legislation.

The visit

In October 2026, our founder visited the Ankara headquarters of the Gold Miners Association (AMD) and met the Association's General Coordinator, Dr Muhterem Köse. Dr Köse's work was among the sources our founder drew on in his master's thesis. The meeting included a conversation on the importance of gold mining for our country and on precious metals; the content of the two books written by our founder was shared, and the books were presented to the Association.

M. Abdullah Türkkan and Dr Muhterem Köse at the Gold Miners Association
Gold Miners Association · Ankara, October 2026

From mine to end user

The legal story of a gold bar begins at the mine: licensing, production, refining, trading on the exchange, trade and, finally, the end user, as jewellery or as an investment product. Each link in the chain is subject to its own legislation; decisions taken at the first link affect all the links that follow.

A detail of the legislation

Gold produced domestically from ore cannot enter commercial circulation in the form in which it leaves the mine. Under the Communiqué (tebliğ) on Precious Metal Standards and Refineries (No. 2023/1), this gold is processed into standard form at refineries on Borsa İstanbul's list and delivered to the Borsa İstanbul Clearing Centre (Takas Merkezi) within seven business days. Precious metals produced from ore are bought and sold on the Exchange; the Central Bank of the Republic of Türkiye and the General Directorate of Mint and Stamp Printing House (Darphane) have a right of pre-emption over this gold. These rules shape many of a miner's decisions, from sales planning to contracts.

What it added to our work

Direct contact with representatives of the mining sector allows us to follow practice at the first link of the chain closely. Drawing on this experience, we provide legal support to gold mining companies on compliance (uyum) with foreign exchange legislation (kambiyo mevzuatı) in the delivery to Borsa İstanbul and sale of the gold they produce.