General Manager: Hasan YÜCEL         www.tumad.com.tr

TÜMAD Mining Industry and Trade Inc. is the first Turkish company to receive two international project-financing awards in the field of Natural Resources. It has completed the project finance process of $ 210 million and developing the project refinancing process of $ 275 million with the European Bank for Reconstruction and Development (EBRD).

TÜMAD Mining Industry and Trade Inc.  which was started mining activities in 2011, is a Turkish mining group that aims at sustainable gold mining and it has enterprises, projects and searches on precious and base metals with its mineral exploration licenses.

TÜMAD Mining Industry and Trade Inc. has set itself the goal of sustaining and continuously improving the highest environmental, H&S and community relations performance in the world in the processes of implementation and management of mining studies from searches to rehabilitation. By making advanced explorations in respect of nature, environment and people without sacrificing its quality in potential mining sites, TÜMAD is among the important gold producers of the country with sustainable mining projects where a large scale of economic and social development integrates with the environment.

TÜMAD Mining Industry and Trade Inc. with its all mining facilities and projects have the best applicable Technologies since they have all national and international standards with all their components ranging from HSE, Environment, Community Relations, Quality and Integrated Management systems. In addition, TÜMAD’s quality system is certificated to TS EN ISO 9001: 2015 Quality Management System, TS EN ISO 14001: 2015 Environmental Management System and ISO 45001: 2018 Occupational Health and Safety Management System Certificates.

TÜMAD Mining Industry and Trade Inc. apart from Lapseki and İvrindi projects, it continues its Gold-Silver-Copper-Lead-Zinc exploration projects in internal field, primarily in Western Anatolia and Black Sea Region, and external field.

NI-43-101 Canadian standards with the feasibility of Ivrindi and Lâpseki projects, TÜMAD Mining Industry and Trade Inc. continues its activities. All works in our projects are carried out in accordance with the cyanide code. Our company provide economic and social growth in areas where mining activities shall be carried out while preserving the nature with its local purchasing and local employment that based on mutual trust, respect to values, open and clear communication, social approval, complaints and feedbacks from the local public for ensuring their support to the related activities. TÜMAD Mining Industry and Trade Inc. that takes into account the employment of local people and local purchasing while continuing its activities; it has local employment rate of 60% across Ivrindi and 70% across Lâpseki; and local purchasing rate of 27% across Ivrindi and 16% across Lâpseki.

Ivrindi Project

TÜMAD Mining Industry and Trade Inc. has started to İvrindi Gold and Silver Mine Enrichment Project in İvrindi district of Balıkesir province in 2012. The Ivrindi project, which started after the investment decision, completed basic and detailed engineering works and construction and installation works and also gold production started in August 2019. Ore is produced by open pit method, will process heap leach facility that have 7.7 mton capacity. As of the end of 2019, 12,500 ounces of gold were poured in the Ivrindi project.

Lâpseki Project

TÜMAD Mining Industry and Trade Inc. has been completed in 2016 the construction phase of the Lapseki Gold and Silver Mine Enrichment Project in Lapseki district of Çanakkale province and started gold production in December 2017. In Lâpseki Plant, which was commissioned in November 2017, mining activities are ongoing in the Kestanelik and S pits. In addition to that, in 2019, the underground mine quarry was commissioned and ore production started. The ores from open pits and underground pits are fed to the production facility and the plant operates at full capacity. The capacity of the plant, which is 750.000 t/year with tank leaching, will be increased by the optimizations. As of the end of 2019, 120,000 ounces of gold were produced and the commissioning works were completed in the Lâpseki project.

Phone    : +90 (312) 455 1610

Fax          : +90 (312) 455 1601

E-Mail    : info@tumad.com.tr

Web Site: www.tumad.com.tr

Address   :  Buğday Sokak No:9

Çankaya/ANKARA/TURKEY

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