Brief: Gubre Fabrikaları Says It Decides To Make Investment Worth Total Of $205 Mln In Its Mining Operations In Bilecik-Sogut

Gubre Fabrikalari

08/10/2024 06:22

Oct 8 (Reuters) - GÜBRE FABRİKALARI  GUBRF.IS :
    * SAID ON MONDAY DECIDES TO MAKE INVESTMENT WORTH TOTAL OF
$205
MILLION IN ITS MINING OPERATIONS IN BİLECİK-SÖĞÜT
    * A $25 MILLION INVESTMENT WILL BE MADE TO INCREASE THE
CAPACITY
OF THE PHASE 1 PLANT, WHICH CURRENTLY PROCESSES APPROXIMATELY
240,000 TONS OF OXIDE ORE FROM THE KORUDANLIK MINE ANNUALLY, TO
AROUND 400,000 TONS PER YEAR
    * A PHASE 2 PLANT WILL BE CONSTRUCTED TO PROCESS SULFIDE ORE
FROM
THE AKBASTEPE MINE WITH A CAPACITY OF APPROXIMATELY 400,000 TONS
PER YEAR. THIS PHASE WILL REQUIRE AN INVESTMENT OF $180 MILLION,
INCLUDING NECESSARY SUPPORTING ACTIVITIES

    
 Source text for Workspace:  urn:newsml:reuters.com:*:nIKA7P8Px2
 Further company coverage:  GUBRF.IS  

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))