Tumad Gold Mines Development Loan

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A USD 40 million senior project finance loan to Tümad Madencilik Sanayi ve Ticaret A.Ş.Tümad ("Tümad”), a 100% subsidiary of Nurol Holding Inc (the "Sponsor") to finance the development of the Lapseki and Ivrindi gold projects located in the Canakkale and Balikesir provinces of Turkey. The expected transition impact of this project is derived from the promotion of regional and youth inclusion and operational efficiency with the use of best available technology in mining (dry stacking to the tailings management at Lapseki). 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 Project will also promote the implementation of international standards including the International Cyanide Management Code, as well as other best practices in the environmental, social, health and safety management of mines. The Borrower will also seek to become a signatory of the UN Global Compact. There is a Project Summary Document available for this project. Non-Technical Summary Lapseki: English | Turkish Supplementary Information Package Lapseki: English | Turkish Stakeholder Engagement Plan Lapseki: English | Turkish Livelihood Restoration Framework  Lapseki: English | Turkish Non-Technical Summary Ivrindi: English | Turkish Supplementary Information Package Ivrindi : English | Turkish Stakeholder Engagements Plan Ivrindi: English | Turkish Livelihood Restoration Framework  Ivrindi: English | Turkish ESAP Laspeki and Ivrindi: English | Turkish Environmental and Social Management Plans English | Turkish Annexes to the 2017 Supplementary Information Packages Lapseki English | Turkish Annexes to the 2017 Supplementary Information Packages Ivrindi English | Turkish Full ESIA documentation is available locally at: And And (if available) TÜMAD website Enquiries: Environmental or social enquiries: Tümad Madencilik A.Ş. General Directorate Buğday Sokak No:9 Kavaklıdere Çankaya ANKARA Tel : 0 312 455 16 10 Fax: 0 312 455 16 01 Bilge KÜÇÜKAYTAN (+90 532 698 60 95)