Turkey
Acacia Mining Operations (AMI), branded with the slogan "Sorumlu, Duyarlı", stands as a significant player in Turkey's sustainability sector. Founded in 2007 and headquartered in Turkey, AMI is owned by leading companies: Akfen Holding, Ilbak Holding, and Izbir Madencilik.
AMI operates the Gokirmak Copper Mine (GCM), an open-pit copper mine with a production capacity of 2 million tonnes per annum, located in the Hanonu District of Kastamonu Province. Since its final investment decision in 2016, the mine has been under robust development, exhibiting a JORC Compliant Reserve of 24 million tonnes with an average copper grade of 1.5%. This positions the operation for a projected 12-year lifespan, with substantial potential for further exploration.
The company leverages a strong equity structure and overseas loan support, adhering to best practices aligned with National Legislations, IFC, and World Bank Guidelines. Notably, the company has not reported any recent investments.
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