An approximately USD 35 million convertible loan to Acacia Maden Isletmeleri A.S. (AMI or borrower) to finance the development of the Gokirmak copper deposit including the construction of a copper processing facility and related mine infrastructure.
The facility supports the borrower's efforts in developing the Gokirmak deposit located in the Kastamonu province in northern Turkey. Gokirmak is a world class deposit with measured and indicated resource of 23.67 Mt at Cu grade of 1.64 per cent. The project is expected to produce up to 2 Mtpa of ore by open pit mining during the first ten years. The ore will be processed on-site followed by concentrate offtake.
The proposed financing has the potential to generate a positive transition impact by promoting youth and gender inclusion, as well as demonstrating the use of efficient mining technologies. 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 environmental, social, health and safety standards and requirements applied to the project will bring management practices that go beyond prevailing standards in Turkey.
There is a Project Summary Document available for this project.
ESIA disclosure package
Technical Reports Supporting EIA and SIA Reports (Volume III of ESIA package): English
Full ESIA availability
Full ESIA documentation is available locally at
Acacia Mining Operations Head Office:
Karaca Sokak no:32/7
Çankaya, Ankara, Turkey
Phone: +90 312 440 9982
Fax: +90 312 440 9981
Acacia Mining Operations Mine Site Office:
Ali Sakallı Caddesi No: 26
Hanönü, Kastamonu, Turkey
Phone: +90 366 497 5556
Fax: +90 366 497 5083
Hanönü Belediyesi Binası
Phone: +90 366 497 5196
Fax: +90 366 497 5195
EBRD Ankara Residential Office:
EskiÅŸehir Yolu, Armada IÅŸ Merkezi, No:6 Kat:4
SöÄŸütözü, 06520, Ankara
Mr Mehmet Uvez
+ 90 312 205 5971
Client website in Turkish and English.
Environmental or social enquiries
Öznur İzlem Aydın
Çevre ve Halkla İlişkiler Koordinatörü
Environment and Public Relations Coordinator
Acacia Maden İşletmeleri A.Ş.
Merkez: Kazım Özalp Mah.
Karaca Sok. No:32/7 Gaziosmanpaşa
Çankaya - ANKARA
T: +9 0312 440 99 82
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