Acacia

cancelled

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 Package Executive Summary: English | Turkish Environmental Impact Assessment (EIA) Report (Volume I of ESIA package): English | Turkish Social Impact Assessment (SIA) Report (Volume II of ESIA package): English | Turkish Non-Technical Summary (NTS): English | Turkish Stakeholder Engagement Plan: English | Turkish Technical Reports Supporting EIA and SIA Reports (Volume III of ESIA package): English Environmental and Social Management and Monitoring Framework Plan (ESMMFP): English | Turkish Specific Environmental and Social Management Plans (Volume IV of ESIA package): English | Turkish 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 Local Municipality Hanönü Belediyesi Binası Hanönü, Kastamonu Phone: +90 366 497 5196 Fax: +90 366 497 5195 And EBRD Ankara Residential Office: EskiÅŸehir Yolu, Armada IÅŸ Merkezi, No:6 Kat:4 SöÄŸütözü, 06520, Ankara Mr Mehmet Uvez + 90 312 205 5971 And Client website in Turkish and English. Environmental or social enquiries Öznur İzlem Aydın Çevre ve Halkla İlişkiler Koordinatörü Environment and Public Relations Coordinator oznurizlem.aydin@acacia.com.tr Acacia Maden İşletmeleri A.Ş. Merkez: Kazım Özalp Mah. Karaca Sok. No:32/7 Gaziosmanpaşa Çankaya - ANKARA T: +9 0312 440 99 82