Turkish Conglomerate Acquires Canadian Gold Mining Projects in Bulgaria

Canadian company Velocity Minerals, which oversees various gold and copper mining projects in Bulgaria, including Rozino and Iglika, has announced the sale of its Bulgarian assets to the Turkish conglomerate Türkerler for 59 million US Dollars, "Club Z" reports. Among the projects under Velocity’s control are "Momchil", "Dangovo", and "Nadezhda". The Turkish holding, based in Ankara and employing over 24,000 people, has been active for more than 50 years in energy, construction, and mining sectors.

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