Encore MG is an international management group built on decades of entrepreneurial experience. The Group brings together investments across mining, construction, hospitality, media, aviation, agriculture and education. Guided by a long-term vision and responsible investment principles, Encore MG continues to develop businesses that create sustainable economic and social value.
Responsible Resource Development
Mining sits at the centre of the Group’s industrial activity. Systematic exploration, disciplined development and modern processing underpin an operational platform focused on efficiency, safety and responsible resource management.
Operations span the full value chain—from exploration and evaluation through development, processing and production—guided by environmental stewardship and long-term engagement with local communities.
Heritage
Corporate milestones
Key dates in the development of the Group’s industrial platform.
1948
Ali İpek establishes the family enterprise.
2003
Entry into mining through antimony processing.
2004
Silver mining investment.
2005
Acquisition of Normandy’s Turkish gold assets and foundation of Koza Altın.
2010
Koza Altın initial public offering.
2014
Koza Ltd. established in London.
2015
İpek Investment Ltd. established.
International mining
International mining
Koza Ltd. advances exploration and development activities across the following jurisdictions.
Jurisdictions
- United Kingdom
- Alaska
- Nevada
- Idaho
- Scotland
- Ireland
Activity is confined to the jurisdictions listed above.
Founder
Hamdi Akın İpek
Hamdi Akın İpek is a Turkish businessman and entrepreneur. He founded Koza Altın İşletmeleri A.Ş. in 2005 and established the mining platform of Koza İpek Holding. He served as Chairman of the Koza İpek Group until October 2015. He is Chairman of İpek Investment Ltd. in the United Kingdom, Director of Koza Ltd., and Chairman of its international subsidiaries.
His mining investments began with antimony, followed by silver and gold. In 2005 he acquired Normandy Mining’s Turkish gold assets from Newmont Mining and founded Koza Altın İşletmeleri A.Ş. Over the subsequent decade, Koza Altın developed a multi-mine gold mining and processing platform spanning exploration, development and production.
By 2015, the Group operated five producing gold mines, four processing plants, seventeen development and exploration projects, fifty-seven operating licences and two hundred and eighty-one exploration licences. During this period Koza Altın produced more than three million ounces of gold and established a resource base exceeding 13.4 million ounces. The company maintained a debt-free balance sheet with more than USD 500 million in cash.
In 2010, Koza Altın completed a 30% initial public offering managed by Goldman Sachs and JP Morgan. In 2014, Hamdi Akın İpek established Koza Ltd. in London to lead the Group’s international mining investments. Koza Ltd. subsequently developed international mining activities in Alaska, Idaho, Nevada, Scotland, Northern Ireland and the Republic of Ireland.
Alongside mining, the Group invested in media, hospitality, energy, construction, aviation and agriculture. Education and social responsibility formed part of the Group’s capital allocation. More than USD 153 million was invested in educational and social responsibility projects, including schools, student accommodation and university development. İpek University was established as Turkey’s first university dedicated to fine arts and was fully financed by the Koza İpek Group.
Akın İpek is Chairman of İpek Investment Ltd, the Director of Koza Ltd and Koza USA, and Chairman of SAM Alaska LLC JV and Uncle Sam.
Education & social responsibility
Education & Social Responsibility
Long-term investment in education and community infrastructure is a defined part of the Group’s corporate mandate.
More than USD 153 million has been committed to educational, cultural and social responsibility projects.
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İpek University
İpek University was established and fully financed by the Koza İpek Group as an institution dedicated to fine arts education.
Schools and educational facilities
The Group supported primary, middle and secondary schools, together with related educational infrastructure.
Student accommodation
Student residences for women and men were developed in multiple cities to support access to education.
Cultural and community facilities
Recorded projects also include a cultural centre, a reading room and a mosque.
Facilities