19
Jul
13:17
ACG to buy Turkish copper asset for $290m
Special acquisition company ACG Acquisition has agreed to buy a Turkish copper-prospective mine for $290 million from a subsidiary of Istanbul-based conglomerate Çalık Holding.
The Gediktepe mine, held by Lidya Madencilik Sanayi ve Ticaret Anonim Şirketi, currently produces gold and silver. Kallanish understands the mine will start producing copper and zinc in 2026 after a $145 million sulphide expansion project. The fully-funded expansion project is expect…
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