Çöpler Gold Mine expansion

Overview:

• Anagold Madencilik Sanayi ve Ticaret secured a $350 million syndicated facility to fund the expansion of the Çöpler Gold Mine project.
• The lenders were Société Générale (London Branch), BNP Paribas (Suisse), ING Bank, Türk Ekonomi Bankası and Unicredit
• The Alacer Gold Corporation served as guarantor for the facility, with Lidya Madencilik Sanayi ve Ticaret, Alacer Gold Madencilik and Banka Kombëtare Tregtare as security providers.
• It is one of Turkey’s largest project finance deals in the mining industry.
• The first draw down of $130 million from the facility was completed in April 2017.
• This facility was an extension of the previous one secured in 2015.

Jon Moore - Journalist