IN BRIEF: ACG Acquisition sets reverse takeover of Turkey copper mine
19th Jul 2024 12:40
ACG Acquisition Co Ltd - special purpose acquisition company focused on new economy metals mining - Agrees to reverse takeover of the Gediktepe polymetallic mine in the Balikesir province of western Turkey from Lidya Madencilik Sanayi ve Ticaret Anonim Sirketi, a subsidiary of Istanbul-based conglomerate Calik Holding. The Gediktepe mine currently produces gold and silver but will start to production of copper and zinc in 2026. ACG says the newly listed company, to be called ACG Metals, will be a leading London-listed miner of copper, which it notes will play a central role in the long-term energy transition from fossil fuels. Read More