Doğan Holding's Decision to Invest in Sustainable Mining

By acquiring a 50 percent stake each in Gümüştaş Madencilik and Doku Madencilik, Türkiye’s renowned mining companies, from Kurmel Holding A.Ş., and an additional 25 percent from Ortadoğu Otomotiv, Doğan Holding is poised to enter the mining sector, thus contributing to Türkiye's economic growth and SDGs. With this acquisition, Gümüştaş Madencilik and Doku Madencilik, producers of ores such as lead, zinc, copper, and pyrite, will continue their investments, aiming to become one of Türkiye's leading lead-zinc concentrate producers.

Doğan Holding plans to produce 1 million tonnes of ore annually from its mining sites, which boast an estimated 12 million tonnes of proven reserves according to internationally recognized mineral resource and reserve reporting standards. Beyond this site, which will be mined using underground methods, the company will explore over 90 additional exploration licenses for various ores, particularly copper and manganese—critical minerals for green energy and battery production. In the next four years, the company plans to invest US$ 100 million in plant and underground mining operations within the Niğde Bolkar field alone.

Doğan Holding will continue the geological exploration activities initiated by Gümüştaş and aims to increase its drilling activities, which have averaged 100,000 meters annually in recent years, while continuing to invest in the discovery of Türkiye’s underground resources.

Contributing to Türkiye's Current Account Deficit and Local Development

Commenting on this investment, Begüm Doğan Faralyalı, Chair of Doğan Holding’s Board of Directors, stated: "This new investment is crucial not only for its potential to drive Türkiye’s current account deficit down but also for increasing the mining sector's contribution to GDP, given its 100 percent export capability. Moreover, the investments and employment opportunities generated across various regions of Türkiye will bolster the local economy and foster social development through the high-value-added multiplier effect of mining. We believe that base metals, especially copper, are vital raw materials for sustainable technologies such as batteries, solar panels, and electric vehicles, and are key to Türkiye’s green transformation journey. "We are thrilled about this new investment, which we believe will serve as a robust example of sustainable mining practices that prioritize environmental and social responsibility alongside economic advantages.”

An Environmentally Friendly Approach to Mining

By integrating a sustainability policy and ESG criteria into all its business processes, Doğan Holding aims to deliver both environmental and social benefits, prioritizing environmental restoration and social responsibility in its mining operations, aligned with international principles. Fully aware of its environmental and social responsibilities, Doğan Holding will foster open and transparent communication with all stakeholders, ensuring that accountability remains a cornerstone of its operations at every stage.

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