trending Market Intelligence /marketintelligence/en/news-insights/trending/YAhxd7qeDpp6vdTmxTrQiw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Oriole's stake in Muratdere copper-gold project to convert into 1.2% royalty

Greenhouse gas and gold mines Nearly 1 ton of CO2 emitted per ounce of gold produced in 2019

Essential Metals & Mining Insights - September 2020

Essential Metals & Mining Insights - August 2020

State of the Market: Mining Q2-2020


Oriole's stake in Muratdere copper-gold project to convert into 1.2% royalty

Oriole Resources PLC's interest in the Muratdere copper-gold project in Turkey will shortly be converted to a 1.2% net smelter royalty after its stake fell below 10%, as per the terms of its joint venture deal with Lodos Maden Yatırım Sanayii ve Ticaret A.Ş.

In 2012, Oriole, formerly Stratex International PLC, sold a 51% stake in the project to Lodos, the mining investment arm of Turkish financial firm Pragma Finansal Danismanlik, for US$1.7 million.

Lodos went on to increase its stake to 70% after paying US$500,000 and completing a feasibility study in 2015. In 2016, Oriole decided to stop contributing its share of project financing due to market conditions, a move that slashed its stake to 14.87%.

Oriole's interest continued to be diluted as Lodos made further payments, with a focus on completing an environmental impact assessment.

In a March 8 release, Oriole said it has several other assets in Turkey that it will continue to support in addition to the royalty.