Eti Mine Works
Eti Mine Works (Turkish: Eti Maden İşletmeleri) 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. In 2012, it was the forty-first largest industrial company in the country, with an annual revenue of $850 million. Its main competitor in the borate minerals market is Rio Tinto Group, which in 2012 held 23% of the world market share, compared to Eti Mine's 47%.
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.
|Type||Limited liability company|
|Area served||Scandinavia, Poland, Baltic States, CIS countries|
AB Etiproducts Oy was established in 1982 in Helsinki, Finland. The parent company, which is the Turkey's biggest and oldest mining company, is mainly involved in mining, metallurgical and chemical industries. It produces minerals and metallurgical and chemical products, especially boron minerals and chemicals producer.
In 1982, AB Etiproducts Oy was established by 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. In 2005, AB Etiproducts Oy established a subsidiary company Etiproducts Llc, in Russia.
The headquarters of the company is located in Helsinki, Finland. It manages its international sales and distribution of boron products with a logistics network. Stock is located in the Baltic and Black Sea Region regions. The subsidiary company Etiproducts Llc has stockplace in Azov, Russia. AB Etiproducts Oy controls international sales and distribution of boron products in Finland, Sweden, Iceland, Norway, Poland, Latvia, Lithuania, Russia, Estonia, Kazakhstan and other CIS countries.
Boron minerals and refined products include:
- Boric acid, Normal Sulphate
- Boric acid, Low Sulphate
- Boron oxide
- Etibor-48 (Borax Pentahydrate)
- Borax Decahydrate
- Etibor-68 (Anhydrous Borax)
- Etidot-67 (Disodium Octaborate Tetrahydrate)
Concentrated boron products include:
- Ground colemanite
- Ground Ulexite
- Calcined Tincal (Compacted)
- Bigadiç Colemanite
- Kestelek Colemanite
- Hisarcik Colemanite
- Espey Colemanite
- Natural Zeolite
- Sulphuric Acid (Technical / Pure)
- Calcined Pyrite (Powder)
- Şebnem Önder, Ayşe Eda Biçer, and Işıl Selen Denemeç (September 2013). "Are certain minerals still under state monopoly?". Mining Turkey. Retrieved 21 December 2013.
- Aydin Albayrak (21 January 2013). "Top Eti Maden official: Boron represents not only cash but also potential". Today's Zaman. Retrieved 18 December 2013.
- "Turkey's top 500 industrial enterprises: 2012". Istanbul Chamber of Industry. Retrieved 18 December 2013.
- "Turkey as the global leader in boron export and production". European Association of Service Providers for Persons with Disabilities Annual Conference 2013. Retrieved 18 December 2013.
- Eti Mine Works, About Eti Maden
- "Eti Mine Works General Directorate Annual Report 2011" (Press release). Eti Maden G.M. Corporation. 01.02.2012.