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

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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.

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.

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<span class="mw-page-title-main">Borax Lake (Oregon)</span> Alkaline lake in the US

Borax Lake is a 10-acre (4.0 ha) alkaline lake in the Alvord Desert of southeastern Oregon in the United States. The lake is fed by geothermal springs 100 feet (30 m) below the surface that range in temperature from 104 to 300 °F. Surface water temperatures usually range from 61 to 100 °F but occasionally go higher. The springs lie along the Steens fault zone, which runs north–south through the Alvord Valley east of Steens Mountain.

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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.