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Tumad Gold Mines Development Loan



Project number:


Business sector:

Natural resources

Notice type:


ESIA disclosed:

29 Sep 2017



Approval date:

29 Nov 2017

Project description

A USD 40 million senior project finance loan to Tümad Madencilik Sanayi ve Ticaret A.Ş.Tümad ("Tümad”), a 100% subsidiary of Nurol Holding Inc (the "Sponsor") to finance the development of the Lapseki and Ivrindi gold projects located in the Canakkale and Balikesir provinces of Turkey.

The expected transition impact of this project is derived from the promotion of regional and youth inclusion and operational efficiency with the use of best available technology in mining (dry stacking to the tailings management at Lapseki). The Project is expected to improve the linkages between the industry and training/educational institutions and address skill mismatches through developments of standardised training for youth and increased workforce diversity. The Project will also promote the implementation of international standards including the International Cyanide Management Code, as well as other best practices in the environmental, social, health and safety management of mines. The Borrower will also seek to become a signatory of the UN Global Compact.

There is a Project Summary Document available for this project.

ESIA disclosure package

Non-Technical Summary Lapseki: English | Turkish
Supplementary Information Package Lapseki: English | Turkish
Stakeholder Engagement Plan Lapseki: English | Turkish
Livelihood Restoration Framework  Lapseki: English | Turkish

Non-Technical Summary Ivrindi: English | Turkish
Supplementary Information Package Ivrindi : English | Turkish
Stakeholder Engagements Plan Ivrindi: English | Turkish
Livelihood Restoration Framework  Ivrindi: English | Turkish

ESAP Laspeki and Ivrindi: English | Turkish

Environmental and Social Management Plans

English | Turkish

Annexes to the 2017 Supplementary Information Packages Lapseki

English | Turkish

Annexes to the 2017 Supplementary Information Packages Ivrindi 

English | Turkish

Full ESIA availability

Full ESIA documentation is available locally at:

  • TÜMAD Ankara office: Buğday Sokak No:9 Kavaklıdere Çankaya ANKARA, Bilge KÜÇÜKAYTAN (+90 532 698 60 95)
  • Nurol Holdings office in Istanbul & Ankara: Nurol Ankara,  Arjantin Cad. No:7 Çankaya/ANKARA, Burcu NUMANOGLU (+90 312 455 13 56); Nurol İstanbul: Nurol Plaza, Büyükdere Caddesi No:255 Kat: 19   Maslak , Sarıyer İSTANBUL, Nazan BOZKIR (+90 212 286 80 72)
  • Ivrindi and Lapseki Gold mines offices: TÜMAD Lapseki: Lapseki-Beyçayır Yolu 12. km No: 210 Şahinli Köyü/ Lapseki / ÇANAKKALE, Şaban KILIÇHAN (+90 544 809 21 77); TÜMAD Ivrindi: . Geliş Mah. İğdeburnu Mevkii No:38 Burhaniye/ BALIKESİR, Arda MUCUR (+90 530 825 81 51)
  • Lapseki Municipality: Cumhuriyet Mah. Zübeyde Hanım Caddesi No:13 Lapseki / ÇANAKKALE, Murat Öztürk (+90 530 848 06 76)
  • Ivrindi Municipality: Bedrettin Mahallesi, Hükümet cad. No:68, 10770 İvrindi/Balıkesir, Abdullah YAYLA (+90 266 456 10 04)
  • Balikesir Governorship, Hükümet Konağı 3.Kat İvrindi/ Balıkesir, Halime Dinçkol Sinanoğlu (+90 266 456 32 96)
  • Canakkale Governorship, Zübeyde Hanım Caddesi No:13 Lapseki Çanakkale, Hasan KARA (+90 532 620 92 64)
  • Lapseki: Şahinli, Kocabaşlar, Davut ŞAHİN: (+90 535 974 60 87), Hüseyin ÖGE (+90 544 605 49 24)
  • Ivrindi: Değirmenbaşı, Karadere, İsmail Kesen : +90 538 301 71 39, Hüseyin GİRGİN: + 90 532 595 36 58


  • EBRD Resident Office in Istanbul, Büyükdere Caddesi, 185, Kanyon Ofis Binası, Kat: 2, Levent, 34394 Istanbul, Turkey Tel: +90 212 386 1100
  • EBRD Resident Office in Ankara, Eskişehir Yolu,  Armada Iş Merkezi, No:6 Kat:4 Söğütözü, 06520 Ankara, Turkey, Tel: +90 312 205 5960

And (if available)

TÜMAD website
Enquiries: Environmental or social enquiries:
Tümad Madencilik A.Ş. General Directorate
Buğday Sokak No:9 Kavaklıdere Çankaya ANKARA
Tel : 0 312 455 16 10
Fax: 0 312 455 16 01
Bilge KÜÇÜKAYTAN (+90 532 698 60 95)


This document was prepared at an early stage of project development, before consideration by the EBRD Board of Directors. Details of a project may change following disclosure.

Environmental and Social Impact Assessments and ESIA summaries are produced by project sponsors, and the EBRD makes them available without any comment or implied endorsement. Any views expressed or statements made in the Environmental and Social Impact Assessment or the ESIA Summary do not necessarily reflect the views or opinions of the EBRD.

Last updated 25 June 2014

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