Koza Altın

Koza Altın İşletmeleri A.Ş is a Turkish gold mining company.

Koza Altın İşletmeleri A.Ş
TypeAnonim Şirket
BİST: KOZAL
IndustryPrecious metal
Founded29 September 1989 (1989-09-29)
HeadquartersNecatibey Cad. No:56/B Demirtepe,
Ankara
,
Turkey
Key people
Akın İpek
Production output
 317 koz of gold
(2013: 350 koz)
142 koz of silver
(2013: 179 koz) (2014)
Revenue ₺885,900,000
(2013: 929.4 million) (2014)
₺459,300,000
(2013: 446.6 million) (2014)
OwnerKoza İpek Holding
Websitekozaaltin.com.tr

Founded in 1989 as a branch of former Australian Normandy Mining corporation, in 2005 Koza İpek bought all the company's shares. In February 2010, the company went public with an initial public offering of ₺2,200,000,000. By 2012, the company had a market value of around ₺5,000,000,000.

Gold mines

Since 1989, the company operates the Ovacık gold mine and processing center near Bergama, Aegean Region. In 2006, Koza Altın opened the Küçükdere gold mine near Havran, Marmara Region, with ore being processed in Ovacık. Operations in the Mastra gold mine and the company's second processing center near Gümüşhane, Black Sea Region, started in 2009.

In Central Anatolia, the Kaymaz gold mine with a third processing center in Sivrihisar, was established in 2011. In a fourth processing center at Himmetdede gold mine near Kocasinan, commercial production of gold has commenced in 2015.[1]

As of December 2014, Koza Altın held 57 operating licenses and 281 exploration licenses all over Turkey.[2] Also, a joint venture with Canadian Medgold Resources conducts explorations for gold and silver in Portugal.[3]

References
  1. Koza Altın 2015, p. 4.
  2. Koza Altın 2015, p. 8.
  3. "Koza Altın to explore for gold and silver in Portugal". Today's Zaman. 16 March 2015. Archived from the original on 11 December 2015. Retrieved 28 October 2015.

Literature
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