Koza Altın

Koza Altın
Native name
 Koza Altın İşletmeleri A.Ş.
Anonim Şirket
Traded as BİST: KOZAL
Industry Precious metal
Founded 29 September 1989 (1989-09-29)
Headquarters Necatibey Cad. No:56/B Demirtepe, Ankara, Turkey
Key people
 Akın İpek
Production output

Decrease 317 koz of gold
(2013: 350 koz)

Decrease 142 koz of silver
(2013: 179 koz) (2014)
Revenue Decrease ₺885,900,000
(2013: 929.4 million) (2014)
Decrease ₺459,300,000
(2013: 446.6 million) (2014)
Owner Koza İpek Holding
Website kozaaltin.com.tr

Koza Gold Corporation (Turkish: Koza Altın) is a Turkish gold mining company, belonging to the Koza İpek Holding that is considered to be associated to the network of followers of U.S.-based preacher Fethullah Gülen.

Founded in 1989 as a branch of former Australian Normandy Mining corporation, in 2005 Koza İpek bought all the company's shaes. In February 2010, the company went public with an IPO of ₺2,200,000,000. By 2012, the company had a market value of around ₺5,000,000,000.

Gold mines

Since 1989, the company operates the Ovacık gold mine and processing center near Bergama, Aegean Region. In 2006, Koza Altın opened the Küçükdere gold mine near Havran, Marmara Region, with ore being processed in Ovacık. Operations in the Mastra gold mine and the company's second processing center near Gümüşhane, Black Sea Region, started in 2009.

In Central Anatolia, the Kaymaz gold mine with a third processing center in Sivrihisar, was established in 2011. In a fourth processing center at Himmetdede gold mine near Kocasinan, commercial production of gold has commenced in 2015.[1]

As of December 2014, Koza Altın held 57 operating licenses and 281 exploration licenses all over Turkey.[2] Also, a joint venture with Canadian Medgold Resources conducts explorations for gold and silver in Portugal.[3]

References

Literature

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