AKDENIZ MINERAL KAYNAKLARI A.S.

Akdeniz was established in 1993 solely as a Raw Magnesite producer & trader. In December 2004 AMK acquired from the Turkish group Cukurova part of ex Comag`s assets (concessions, beneficiation and calcination facilities). During the first years, significant Investments were implemented totaling more than 4 million Euros. Major investments concentrated on the acquisition of new concessions, the opening of new mining pits for large scale (non selective) mining, new (pre) beneficiation installations & techniques, yielding higher productivity and mineralization and the renovation of both shaft kilns with new linings, burners and the installation of natural gas, leading to increased production.