Sept 15 (Reuters) - Canadian miner Alamos Gold ( AGI )

said late Sunday that it will sell its Turkish subsidiary for

$470 million to a Middle East-based mining company, ending a

years-long $1 billion legal battle.

Alamos will sell the Turkish unit to Tumad Madencilik

Sanayi, a mining company operated by conglomerate Nurol Holding.

As part of the deal, Alamos said arbitration proceedings

that its Netherlands units filed in 2021 against Turkey will

remain suspended, and shall be discontinued after certain

contractual milestones are reached.

Alamos has had an active presence in Turkey since 2010,

according to its website. In 2019, the miner had halted

construction work at its Kirazli project in western Turkey after

the mining concessions expired and amid protests against the

project. This led to the firm filing a $1 billion claim against

Turkey for "unfair and inequitable treatment" on the project.

The deal is expected to close in the fourth quarter of 2025,

Alamos said, adding that it will use the funds it receives to

reduce existing debt obligations and support the projects it is

developing.