CVK Mining was established in 2006 under the name CVK Chrome Mining Industry and Trade Inc. to operate in the field of chrome mining. In the following years, as the Company expanded its operations into other metallic minerals, its name was changed in 2011 to CVK Mining Operations Industry and Trade Inc.
The founding ÇEVİK Family has a mining background spanning over 40 years. Having obtained its first mining license in 1980, the founding family made its first facility investment in 1990 with the establishment of the Chrome Concentration Plant in the Pınarbaşı district of Kayseri. In the subsequent years, the family expanded its mining operations and, after the establishment of CVK Mining, contributed to the Company’s growth and its emergence as one of the strongest companies in the sector.
CVK Mining made its first major investment in facility development in 2012–2013 with the establishment of the Lead & Zinc Flotation Plant in the Yenice district of Çanakkale. This plant, with a daily feed capacity of 1,000 metric tons, can produce 30,000 metric tons of lead, zinc, copper, and silver concentrates per year.
In 2020, the Company made another significant investment by acquiring a majority stake in Hayri Ögelman Mining Inc., one of Turkey’s first private mining enterprises and an important name in chrome mining, thereby making it a subsidiary. Following the acquisition, the Chrome Concentration Plant located in the Harmancık district of Bursa was modernized, reaching a daily feed capacity of 1,000 metric tons and an annual production capacity of 36,000 metric tons of chrome concentrate. Thanks to recent investments, the mines within the licensed area where the plant is located are now capable of producing 12,000 metric tons per month of high-grade, high-ratio, export-quality commercial lump chrome ore.
In 2021, the Company’s majority shares were acquired by our current controlling shareholder, Hüseyin ÇEVİK. In line with its long-term investment plans and growth objectives, the Company offered 20% of its shares to the public in April 2023 and began trading on Borsa Istanbul. Allocating 70% of the IPO proceeds to the Sarıalan Gold Mine Project in the Altıeylül district of Balıkesir, the Company has accelerated its investments after the public offering and aims to become one of Turkey’s key gold producers through this project, which is planned to start production in 2025.
In 2024, the Company made major investments by acquiring 100% of the shares of Orta Truva Madencilik San. Tic. A.Ş. in Turkey and 70% of the shares of Virtus Mining Ltd. abroad, adding two large polymetallic mining projects to its portfolio. Orta Truva Madencilik San. Tic. A.Ş., based in Turkey, is known in the mining sector for the “TV Tower Project” located in the Çanakkale province. Virtus Mining Ltd., a company registered in the Netherlands, holds 100% of the shares of Aldridge Mineral Mining Inc. in Turkey. As a result of these acquisitions, both companies came under the control and management of CVK Mining.
CVK Mining participated in the tender organized by Eti Maden Enterprises General Directorate (Eti Maden) in June 2025 for the exploration and operation under a royalty agreement of the Kepsut gold prospect area, located within the mining license area No. 6406 (Group IV) in Balıkesir province. The Company won the tender by offering the highest royalty rate (55.6%).
The Group produces and exports lump and concentrate chrome ore, as well as lead, zinc, copper, and silver concentrates from its licensed mining areas. It also continues uninterrupted exploration and study activities in its high-potential licensed fields aimed at business development.
Established entirely with domestic capital, the Company operates with the goal of utilizing Turkey’s underground resources in the most efficient way possible, supported by its facilities and expert staff. With a sustainable mining approach that is environmentally compatible, the Company continues to grow by leveraging modern engineering practices and the opportunities provided by technology. CVK Mining produces high-quality chrome, lead, zinc, and magnesite ores, while continuing its investments toward gold ore production.
Operating in various provinces across Turkey, the Company prioritizes providing national and international standard, environmentally friendly, safe, and secure working environments at all its facilities.
With the goal of utilizing Turkey’s underground resources in the best possible way, CVK Mining adopts a responsible and sustainable mining approach that emphasizes modern engineering practices, employee health, occupational safety, and compliance with environmental, social, and legal standards. In this context, the Company develops sustainable mining practices focusing on minimizing environmental impacts, reducing water and energy consumption, ensuring sustainable raw material supply, managing waste, and rehabilitating mining areas.
