Construction Commences at Kiziltepe

By John O'Hanlon

Ariana Resources plc the Anglo-Turkish gold exploration and development company focused on Turkey, announced yesterday that mine construction has commenced at the Kiziltepe Sector of the Red Rabbit Gold Project in western Turkey, which is being developed in partnership with the highly experienced Turkish company Proccea Construction, to deliver its first gold pour in the second half of 2016.

The situation on the ground is as follows:

  • Forestry Department currently clearing land within the permitted areas of the mine site and freehold land acquisitions essentially completed.
  • Final negotiations on major Turkish supplied plant components are complete and long lead orders have been placed.  
  • Mining contractor has been assigned and is currently expected to commence site-works in October 2015.
  • Installation of the perimeter security fence for the mine site is underway and four prefabricated buildings are now complete and awaiting delivery to site. 
  • Ariana drill-rig mobilised this week to commence drilling at the foundation site of the process plant.

“We are exceptionally pleased to report that the construction phase of the 20,000 ounce per annum Kiziltepe Gold Mine has now commenced,” said Kerim Sener, the Managing Director of Ariana Resources.  “Our partners, Proccea, are working diligently and swiftly through the mine construction schedule.  Meanwhile our exploration team is preparing for a resource development trenching and drilling programme, which we are currently expecting to commence in October 2015.  This is an exciting time for the company and recent developments have highlighted the value of our business model: promoting project development partnerships cored by focused and cost-efficient exploration.  

“We look forward to providing further guidance on construction progress and the timeline to first gold-pour in due course.  We are currently expecting first production to commence in 2016.”  

Share

Featured Articles

Abu Dhabi Airports prepares for Terminal A opening

A decade in the making, Abu Dhabi International Airport welcomes 6,000 volunteers to test operational readiness of stunning new Terminal A building

Business Chief expands portfolio with new look and coverage

Business Chief Middle East & Africa launches with fresh new look and extended coverage of the region, with exclusive executive interviews and insights

How Octopus Energy grew to become an industry giant

Octopus Energy continues to grow after a deal was agreed to acquire Shell Energy in the UK and Germany, taking its customer base to almost seven million

Perkbox CEO: How to support employees through tough times

Human Capital

How Middle East is embracing the future of digital finance

Corporate Finance

UAE Lulu Group shifts business for global growth and IPO

Corporate Finance