Regarding the Contract Signed by Standard Boksit İşletmeleri A.Ş. for the Export of Bauxite Ore Worth USD 3,225,000
A contract for the export of bauxite ore worth 3,225,000 USD (108,472,875 TL) was signed by Standard Bauxite Operations Inc., a 100% subsidiary of our company, and in accordance with the contract, a down payment of 32,541,862.50 TL (equivalent to 967,500 USD) was collected as a down payment on August 16, 2024 (today).
Standard Boksit İşletmeleri A.Ş. owns a total of 24 bauxite mining sites throughout Turkey, and the production and delivery of the bauxite ore order for the aforementioned export worth USD 3,225,000 will be carried out through the Adana Tufanbeyli Bauxite mining site.
Convenience Translation into English of the Material Event Disclosures Originally released in Turkish. Please Note that in case of a dispute arises between the Turkish and the English versions, the Turkish version prevails.