Precious Metals
Niger partners with Türkiye on first government-led gold production initiative abroad
A Strategic Milestone in Türkiye's International Mining Push
Türkiye has reached a significant milestone in its strategy to expand its international mining footprint with the advancement of a gold project in Niger. The initial phase of operations has been completed, with equipment now being shipped to the site. This project is strategically important for Ankara, aiming not only to boost gold production but also to strengthen economic and diplomatic ties with Niger at a time when the West African nation is pivoting away from traditional Western partners.
Addressing Economic Needs and Forging New Alliances
The initiative is a direct response to Türkiye's substantial gold imports, which totaled nearly $24 billion last year, and is viewed as a key measure to reduce the country's current account deficit. The project follows a high-level agreement signed between the two countries in October 2024, designed to promote sustainable growth, investment, and technology transfer. This development is part of a broader pattern, as Türkiye also confirms that exploration for gold and other minerals is actively underway in Uzbekistan.
A Geopolitical Pivot in Africa's Resource Sector
The Niger project is deeply intertwined with a major geopolitical shift. As Niger severs military and mining ties with Western nations, including France and the EU, it has chosen Türkiye as a preferred partner. This was underscored by a visit from a high-level Turkish delegation, including the foreign, defense, and energy ministers, to meet with Niger's leadership. The partnership positions Türkiye as both an investor and a strategic ally in Africa's resource sector, reflecting a wider continental strategy that includes engagement with Egypt, Somalia, and North African nations.