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The impacts of EIA procedure on the mining sector in the permit process of mining operating activities & Turkey analysis

Taşkın Deniz Yıldız

Resources Policy, 2020, vol. 67, issue C

Abstract: Mining operations are activities that require large investments with high risks at all stages and have a long process of return on the investment. In addition to the production and investment criteria, environmental criteria also have an impact on making the decision on whether to carry out these activities or not. Accordingly, the decision to whether to carry out the mining projects or not is made based on the Environmental Impact Assessment (EIA). All the legislation and application issues that are determined in Turkey regarding the EIA also have resulted in the number of times EIA procedure is required from the mining sector to be quite a lot compared to the other sectors. The frequency of EIA being requested from the mining sector does not only create a bureaucracy that is only applied to the mining sector, but also creates investment losses in this sector. The result clearly shows that tens of mining enterprises lose a significant amount of their investments because of the EIA. In other words, this has happened due to EIA process times being lengthened out and process completion time being unpredictable because of reasons that emerge from the assessment during the process of EIA in Turkey. These circumstances also cause the investors who want to invest in the mining sector to back down on the investments they were planning to make.

Keywords: Business; EIA; Environment; Investments; Legislation; Mining (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:67:y:2020:i:c:s0301420719310128

DOI: 10.1016/j.resourpol.2020.101681

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