Eti Maden

Last updated
Eti Maden
Native name
Eti Maden İşletmeleri Genel Müdürlüğü
Company type Government-owned corporation
Industry Borate minerals mining and refining
Founded1935
Headquarters Ankara, Turkey
RevenueIncrease2.svg 26.17 billion (2023)
Increase2.svg ₺16.27 billion (2023)
Increase2.svg ₺14.48 billion (2023)
Total assets Increase2.svg ₺47 billion (2023)
Total equity Increase2.svg ₺42.06 billion (2023)
Website http://en.etimaden.gov.tr/

Eti Maden is a Turkish state-owned mining and chemicals company focusing on boron products. It holds a government monopoly on the mining of borate minerals in Turkey, which possesses 72% of the world's known deposits. [1] In 2012, it held a 47% share of global production of borate minerals, ahead of its main competitor, Rio Tinto Group, which held 23%. [2]

Contents

In 2012, it was the forty-first largest industrial company in Turkey, with an annual revenue of $850 million. [3] [4]

It was founded in 1935 as Etibank, a bank created to finance Turkish natural resource extraction; in 1993, the company's banking activities were privatized, and its mining activities separated under the name Eti Holding A.Ş. In 2004, the company was restructured again and named Eti Mine Works. [5]

Its subsidiaries include AB Etiproducts OY, a Finland-based company which distributes Eti Mine Works products in Scandinavia, Eastern Europe, Russia, Central Asia, and Africa. Bandırma Borax owns one of the small coal-fired power stations in Turkey. [6]

Ab Etiproducts Oy

In 1982, Ab Etiproducts Oy was established by the Finnish mining multimetal Outokumpu group and Etibank. In 1993 Outokumpu's share was transferred to Etimine SA, sister company of Ab Etiproducts Oy, responsible for the marketing of Turkish boron products in western Europe. [7] In 2005, Ab Etiproducts Oy established a subsidiary company Etiproducts Llc, in Russia. [8]

The company presently operates in Scandinavia (Finland, Sweden, Norway), the Baltic states (Estonia, Latvia, Lithuania), the African Continent, Moldova, Ukraine, Belarus, Russia, CIS countries. [9]

Warehouses are located in the Baltic and Black Sea Region regions.

Products

Boron minerals and refined products include: [10]

Colemanite Colemanite Etiproducts.jpg
Colemanite

Natural Boron Minerals:

Related Research Articles

<span class="mw-page-title-main">Boron</span> Chemical element with atomic number 5 (B)

Boron is a chemical element. It has the symbol B and atomic number 5. In its crystalline form it is a brittle, dark, lustrous metalloid; in its amorphous form it is a brown powder. As the lightest element of the boron group it has three valence electrons for forming covalent bonds, resulting in many compounds such as boric acid, the mineral sodium borate, and the ultra-hard crystals of boron carbide and boron nitride.

<span class="mw-page-title-main">Kernite</span>

Kernite, also known as rasorite, is a hydrated sodium borate hydroxide mineral with formula Na
2
B
4
O
6
(OH)
2
·3H
2
O
. It is a colorless to white mineral crystallizing in the monoclinic crystal system typically occurring as prismatic to acicular crystals or granular masses. It is relatively soft with Mohs hardness of 2.5 to 3 and light with a specific gravity of 1.91. It exhibits perfect cleavage and a brittle fracture.

<span class="mw-page-title-main">Boric acid</span> Weak acid with formula B(OH)₃

Boric acid, more specifically orthoboric acid, is a compound of boron, oxygen, and hydrogen with formula B(OH)3. It may also be called hydrogen orthoborate, trihydroxidoboron or boracic acid. It is usually encountered as colorless crystals or a white powder, that dissolves in water, and occurs in nature as the mineral sassolite. It is a weak acid that yields various borate anions and salts, and can react with alcohols to form borate esters.

A borate is any of a range of boron oxyanions, anions containing boron and oxygen, such as orthoborate BO3−3, metaborate BO−2, or tetraborate B4O2−7; or any salt of such anions, such as sodium metaborate, Na+[BO2] and borax (Na+)2[B4O7]2−. The name also refers to esters of such anions, such as trimethyl borate B(OCH3)3 but they are alkoxides.

<span class="mw-page-title-main">Borax</span> Boron compound, a salt of boric acid

Borax (also referred to as sodium borate, tincal and tincar ) is a salt (ionic compound), a hydrated or anhydrous borate of sodium, with the chemical formula Na2H20B4O17 (also written as Na2B4O7·10H2O).

<span class="mw-page-title-main">Boron, California</span> Census-designated place in California, United States

Boron is a census-designated place (CDP) in Kern County, California, United States. Boron is 15 miles (24 km) southwest of Red Rock Mountain at an elevation of 2,467 feet (752 m). The population was 2,086 at the 2020 census, up from 2,025 at the 2000 census. Boron is named after the element boron and is the site of the world's largest source of the boron compound boric acid.

Boron deficiency is a common deficiency of the micronutrient boron in plants. It is the most widespread micronutrient deficiency around the world and causes large losses in crop production and crop quality. Boron deficiency affects vegetative and reproductive growth of plants, resulting in inhibition of cell expansion, death of meristem, and reduced fertility.

<span class="mw-page-title-main">Outokumpu, Finland</span> Town in North Karelia, Finland

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<span class="mw-page-title-main">Colemanite</span> Borate mineral

Colemanite (Ca2B6O11·5H2O) or (CaB3O4(OH)3·H2O) is a borate mineral found in evaporite deposits of alkaline lacustrine environments. Colemanite is a secondary mineral that forms by alteration of borax and ulexite.

Boliden AB is a Swedish multinational metals, mining, and smelting company headquartered in Stockholm. The company produces zinc, copper, lead, nickel, silver, and gold, with operations in Sweden, Finland, Norway, and Ireland.

<span class="mw-page-title-main">Borate mineral</span> Mineral which contains a borate anion group

The Borate Minerals are minerals which contain a borate anion group. The borate (BO3) units may be polymerised similar to the SiO4 unit of the silicate mineral class. This results in B2O5, B3O6, B2O4 anions as well as more complex structures which include hydroxide or halogen anions. The [B(O,OH)4] anion exists as well.

<span class="mw-page-title-main">20 Mule Team Borax</span> Cleaning product brand

20 Mule Team Borax is a brand of cleaner manufactured in the United States by The Dial Corporation, a subsidiary of Henkel. The product primarily consists of borax, also known as sodium borate, sodium tetraborate, or disodium tetraborate, and is named after the 20-mule teams that were used by William Tell Coleman's company to move borax out of Death Valley, California, to the nearest rail spur between 1883 and 1889.

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<span class="mw-page-title-main">Pacific Coast Borax Company</span> United States mining company founded in 1890

The Pacific Coast Borax Company (PCB) was a United States mining company founded in 1890 by the American borax magnate Francis Smith, the "Borax King".

<span class="mw-page-title-main">Boron compounds</span>

Boron compounds are compounds containing the element boron. In the most familiar compounds, boron has the formal oxidation state +3. These include oxides, sulfides, nitrides, and halides.

<span class="mw-page-title-main">Disodium octaborate</span> Chemical compound

Disodium octaborate is a borate of sodium, a chemical compound of sodium, boron, and oxygen — a salt with elemental formula Na2B8O13 or (Na+)2[B8O13]2−, also written as Na2O·4B2O3. It is a colorless crystalline solid, soluble in water.

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<span class="mw-page-title-main">Rio Tinto Borax Mine</span> Borax mine in California, USA

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References

  1. Şebnem Önder; Ayşe Eda Biçer; Işıl Selen Denemeç (September 2013). "Are certain minerals still under state monopoly?" (PDF). Mining Turkey. Archived from the original (PDF) on 3 March 2016. Retrieved 21 December 2013.
  2. "Turkey as the global leader in boron export and production" (PDF). European Association of Service Providers for Persons with Disabilities Annual Conference 2013. Archived from the original (PDF) on 3 March 2016. Retrieved 18 December 2013.
  3. Aydin Albayrak (21 January 2013). "Top Eti Maden official: Boron represents not only cash but also potential". Today's Zaman . Archived from the original on 19 December 2013. Retrieved 18 December 2013.
  4. "Turkey's top 500 industrial enterprises: 2012". Istanbul Chamber of Industry. Archived from the original on 19 December 2013. Retrieved 18 December 2013.
  5. Eti Mine Works, About Eti Maden Archived 2013-12-19 at the Wayback Machine
  6. "Enerji Piyasası Veritabanı Yönetim Sistemi". lisans.epdk.org.tr. Archived from the original on 2021-07-16. Retrieved 2021-01-12.
  7. "Home". etimine.com.
  8. "About Us". Archived from the original on 2014-01-11. Retrieved 2014-01-11.
  9. "Eti Mine Works General Directorate Annual Report 2011" (Press release). Eti Maden G.M. Corporation. 1 February 2012.
  10. "Eti Maden İşletmeleri". Archived from the original on 2014-01-11. Retrieved 2014-01-11.