our operations
Çayeli
 

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Location: Turkey
Ownership: 100%
Type of mine: underground
Type of ore body: Cretaceous age volcanogenic massive sulphide deposit
Primary metal: copper
Secondary metal: zinc
End product: copper and zinc concentrate
Mining method: sub-level stoping with backfill
Opened: 1994
Expected mine life: 2019
Average reserve grades: copper – 3.2%, zinc – 4.3%
Infrastructure: close to roads, 18km from the Black Sea port
Employees: 496
Contractors: 128

As at June 30, 2012

Çayeli is an underground copper and zinc mine located on the Black Sea coast of northeastern Turkey. The mine was opened in 1994 and is expected to operate until at least 2019.

It produces three types of concentrates: copper concentrate, copper and zinc bulk concentrate and zinc concentrate. These concentrates are sold to a number of international and domestic smelters and traders.

Targets and results



three months ended
  December 31

year ended
December 31



2012 2011 change 2012 2011 change
Tonnes of ore milled (000's)   319 316 +1% 1,218 1,195 +2%
Tonnes of ore milled per day   3,500 3,400 +1% 3,300 3,300 +2%
Grades (percent) copper 3.0 3.5 -14% 3.3 3.2 +3%
  zinc 5.0 5.3 -6% 5.0 6.0 -17%
Mill recoveries (percent) copper 74 79 -6% 78 75 +4%
  zinc 69 67 +3% 66 68 -3%
Production (tonnes) copper 7,000 8,600 -19% 31,400 28,700 +9%

zinc 11,100 11,300 -2% 40,700 48,100 -15%
Cost per tonne of ore milled

$81 $76 +7% $77 $78 -1%


quick links

Download the Çayeli section from our fourth quarter press release for the most recent update.

Download the Çayeli section from our 2011 annual report.

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