One of the founding members of Organisation for Economic Co-operation and Development (OECD) international economic organisation and the Group of Twenty Finance Ministers and Central Bank Governors (G-20), Turkey possesses the world’s 15th largest gross domestic product by purchasing power parity. Defined as an emerging market economy by the International Monetary Fund (IMF), it is one of the planet’s newly industrialised countries.
In recent years Turkey has seen a rapid growth in its private sector, however the state does still retain a major role in core sectors such as industry, banking, transport and communications. One of the leading sectors in the country is its construction and contracting industry. As a matter of fact it is considered to be one of the most competitive and dynamic industries of its kind anywhere in the world. In 2009 a total of 33 Turkish construction or contracting companies were selected for the Top International Contractors List prepared by the Engineering News-Record, which made the Turkish construction and contracting industry the world's second largest, ranking behind only that of China.
One of Turkey’s leading construction businesses is that of Proccea Construction, a design, supply, construction and management company established by a group of highly experienced engineers, each of whom possessing skills in various fields of the industry. Together these engineers have worked to combine their own knowledge with the skills of hugely dedicated site teams.
It is the aim of these teams, and the company as a whole, to complete each individual project to the highest possible standards in terms of quality, while striving to maximise both its and its client’s profits. The company’s success in delivering this aim is probably best reflected in the continuous improvement of its order book, 95 percent of which is today occupied by repeat business customers.
Proccea Construction’s site teams have worked together throughout the world, delivering numerous complex, large-scale projects for the company’s clients. Such international projects have been completed successfully in a number of different countries, including South Africa, Namibia, Guinea, Mali, Saudi Arabia, Jordan, Brazil and Venezuela.
The projects that the company takes on fall into a wide range of industries and have in the past included hotel, military, industrial and mining projects. When it comes to its undertakings in the latter industry, the main type of project that Proccea Construction has taken on in the past comes in the form of mineral processing plants.
The mining projects that the company has been involved in over the last several years include significant gold and silver developments in South America, Africa, Europe and the Middle East. One particular project of note was on behalf of the Vasgold Gold Mine in Kokshetau, Kazakhstan, one of the largest mines of its kind found anywhere in the world. Proccea Construction’s role here was as a subcontractor to Summit Valley Engineering and Equipment during its construction of an Absorption, Desorption and Recovery (ADR) plant, and involved the manufacture and shipment of structural steel, the supervision of piping, steel and equipment installation and start-up and commissioning. Despite the difficulties encountered during such a complex project, the company’s experienced team was able to assist in completing it ahead of schedule.
In addition to taking on the role of subcontractor, Proccea Construction has also acted in a supervisory role on projects including the construction, commissioning and start-ups of ADR plants at the Kitila Gold Mine in Finland and the Zarcan-Takab Gold Mine in Iran.
However, it is arguably in its role as prime contractor that the company has made the biggest name for itself in the mining and minerals sector, holding this role on a number of highly successful occasions. These have included the construction of an ADR plant at the ÇÖPLER and Koza Gold-Mastra Gold Mines in Turkey, the Ouagadogou Gold Mine in Burkina Faso and the Maaden Gold Mine in Saudi Arabia, as well as during the design and manufacturing of a de-aeration tower at Minera Triton in Argentina.
As well as taking on increasing important and challenging roles across the world, the company has also taken significant strides in the last decade to increase its presence in its home country, while also expanding into other potential fields of industry. It was this approach that saw it enter into a joint venture agreement back in July 2010 with Ariana Resources, a London-based exploration and development company focused on epithermal gold-silver and porphyry-copper-gold deposits, for its Red Rabbit Gold Project. Red Rabbit is the name given to the combination of Ariana’s two flagship assets, Kiziltepe and Tavsan, located around 75 kilometres apart in the highly prospective WAVE province in western Turkey.
Upon the signing of the joint venture agreement Proccea’s executives released a collective statement praising the creation of such an exciting partnership. “We have spent several productive months working together with Ariana in developing this opportunity and enhancing our own understanding of the project. As a result we have a great deal of confidence in the joint venture company going on to become one of the leading mining companies in the region.”
Nearly three years on, in March 2013, it was announced that Proccea Construction had committed itself to sole funding of the Red Rabbit Gold Project as it moves closer towards production in 2014. As part of the agreement Proccea will contribute a further $6.6 million of funding to earn-in to 50 percent of the Red Rabbit Joint Venture prior to production starting in 2014. The JV is targeting construction start-up during the fourth quarter of 2013.
Written by Will Daynes, research by Robert Hodgson
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