EMEA Finance, one of the world’s most prestigious international finance publications, handed out “Project Finance Awards 2017”. Owners of the 10th anniversary editions of awards are determined with the votes of banks, sponsors, legal and financial advisers and the EMEA Finance editorial team. This year, Tümad Madencilik’s Lapseki and Ivrindi Gold Mine projects were received the “Best Natural Resources Deal” award. The company was became the first Turkish company which received the award in the mining category. Other than the Lapseki and Ivrindi Gold Projects, various projects from Turkey received awards in different categories.
In the last period of 2017, the European Bank for Reconstruction and Development (EBRD) provided a loan of 40 million Euros to support the construction, development and operation of Çanakkale-Lapseki and Balıkesir-İvrindi gold mines developed by Tümad Madencilik, a Nurol Holding company.
The company acquired the Lapseki Gold Mine project in Çanakkale Biga Peninsula in 2014. After acquiring the project The company realized with drilling works, detailed analysis and feasibility studies and First gold was poured in The mine in 2017. Construction work continues for Balıkesir İvrindi Project.
