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Soma Kömür İşletmeleri A.Ş.
Soma Kömür İşletmeleri A.Ş. (Soma Mining Inc.) is a Turkish coal mining company with headquarters in Istanbul, and one of the largest coal producers in the region. As of 2014, it had 5,500 employees and mined 2.5 million tons of coal annually, according to its website. It owns the mine involved in the Soma mine disaster, in which at least 301 people were killed. The company Soma Mining is part of Soma Holding, which began with mining operations in 1984. Since 2010, Soma Holding is active also in the construction business. In 2005, it took over the rights for the mining of about 18 million tonnes from the state-owned Turkish Coal Mining Corporation (Türkiye Kömür İşletmeleri Kurumu, TKİ) on royalties-based legal tender. The mining company obtained a concession from Ciner Holding in September 2009 to produce about 15 million tonnes of coal from the reserves in the Soma Eynez region. The new Eynez coal mine Eynez Coal Mine, also known as Soma Coal Mine, is a disused ...
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Coal Mining
Coal mining is the process of extracting coal from the ground. Coal is valued for its energy content and since the 1880s has been widely used to generate electricity. Steel and cement industries use coal as a fuel for extraction of iron from iron ore and for cement production. In the United Kingdom and South Africa, a coal mine and its structures are a colliery, a coal mine is called a 'pit', and the above-ground structures are a 'pit head'. In Australia, "colliery" generally refers to an underground coal mine. Coal mining has had many developments in recent years, from the early days of men tunneling, digging and manually extracting the coal on carts to large open-cut and longwall mines. Mining at this scale requires the use of draglines, trucks, conveyors, hydraulic jacks and shearers. The coal mining industry has a long history of significant negative environmental impacts on local ecosystems, health impacts on local communities and workers, and contributes heavily to th ...
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Istanbul
Istanbul ( , ; tr, İstanbul ), formerly known as Constantinople ( grc-gre, Κωνσταντινούπολις; la, Constantinopolis), is the List of largest cities and towns in Turkey, largest city in Turkey, serving as the country's economic, cultural and historic hub. The city straddles the Bosporus strait, lying in both Europe and Asia, and has a population of over 15 million residents, comprising 19% of the population of Turkey. Istanbul is the list of European cities by population within city limits, most populous European city, and the world's List of largest cities, 15th-largest city. The city was founded as Byzantium ( grc-gre, Βυζάντιον, ) in the 7th century BCE by Ancient Greece, Greek settlers from Megara. In 330 CE, the Roman emperor Constantine the Great made it his imperial capital, renaming it first as New Rome ( grc-gre, Νέα Ῥώμη, ; la, Nova Roma) and then as Constantinople () after himself. The city grew in size and influence, eventually becom ...
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Coal
Coal is a combustible black or brownish-black sedimentary rock, formed as rock strata called coal seams. Coal is mostly carbon with variable amounts of other elements, chiefly hydrogen, sulfur, oxygen, and nitrogen. Coal is formed when dead plant matter decays into peat and is converted into coal by the heat and pressure of deep burial over millions of years. Vast deposits of coal originate in former wetlands called coal forests that covered much of the Earth's tropical land areas during the late Carboniferous ( Pennsylvanian) and Permian times. Many significant coal deposits are younger than this and originate from the Mesozoic and Cenozoic eras. Coal is used primarily as a fuel. While coal has been known and used for thousands of years, its usage was limited until the Industrial Revolution. With the invention of the steam engine, coal consumption increased. In 2020, coal supplied about a quarter of the world's primary energy and over a third of its electricity. Some iron ...
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Soma Mine Disaster
On 13 May 2014, blasting at Eynez coal mine in Soma, Manisa, Turkey, caused an underground mine fire, which burned until 15 May. In total, 301 people were killed in what was the worst mine disaster in Turkey's history. The mine, operated by coal producer Soma Kömür İşletmeleri A.Ş., suffered a fire, the causes of which were later found to be complex. The fire occurred at the mine's shift change, and 787 workers were underground at the time. At the time the disaster was thought to be mainly an explosion rather than fire. After the final bodies were pulled from the mine on 17 May 2014, four days after the fire, the Minister of Energy and Natural Resources Taner Yıldız confirmed the number of dead was 301. Disaster and Emergency Management Presidency (AFAD) announced the names of 301 workers who died in the mine disaster and 486 people who survived. Miners protested against dangerous mining conditions in late 2013 and the demand by the main opposition party, the Republic ...
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Turkish Coal Mining Corporation
Turkish may refer to: *a Turkic language spoken by the Turks * of or about Turkey ** Turkish language *** Turkish alphabet ** Turkish people, a Turkic ethnic group and nation *** Turkish citizen, a citizen of Turkey *** Turkish communities and minorities in the former Ottoman Empire * Ottoman Empire (Ottoman Turkey), 1299–1922, previously sometimes known as the Turkish Empire ** Ottoman Turkish, the Turkish language used in the Ottoman Empire * Turkish Airlines, an airline * Turkish music (style), a musical style of European composers of the Classical music era See also * * * Turk (other) * Turki (other) * Turkic (other) * Turkey (other) * Turkiye (other) * Turkish Bath (other) * Turkish population, the number of ethnic Turkish people in the world * Culture of Turkey * History of Turkey :''See History of the Republic of Turkey for the history of the modern state.'' The history of Turkey, understood ...
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Royalties
A royalty payment is a payment made by one party to another that owns a particular asset, for the right to ongoing use of that asset. Royalties are typically agreed upon as a percentage of gross or net revenues derived from the use of an asset or a fixed price per unit sold of an item of such, but there are also other modes and metrics of compensation.Guidelines for Evaluation of Transfer of Technology Agreements, United Nations, New York, 1979 A royalty interest is the right to collect a stream of future royalty payments. A license agreement defines the terms under which a resource or property are licensed by one party to another, either without restriction or subject to a limitation on term, business or geographic territory, type of product, etc. License agreements can be regulated, particularly where a government is the resource owner, or they can be private contracts that follow a general structure. However, certain types of franchise agreements have comparable provisions. N ...
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Legal Tender
Legal tender is a form of money that courts of law are required to recognize as satisfactory payment for any monetary debt. Each jurisdiction determines what is legal tender, but essentially it is anything which when offered ("tendered") in payment of a debt extinguishes the debt. There is no obligation on the creditor to accept the tendered payment, but the act of tendering the payment in legal tender discharges the debt. Some jurisdictions allow contract law to overrule the status of legal tender, allowing (for example) merchants to specify that they will not accept cash payments. Coins and banknotes are usually defined as legal tender in many countries, but personal cheques, credit cards, and similar non-cash methods of payment are usually not. Some jurisdictions may include a specific foreign currency as legal tender, at times as its exclusive legal tender or concurrently with its domestic currency. Some jurisdictions may forbid or restrict payment made by other than legal ...
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Concession (contract)
A concession or concession agreement is a grant of rights, land or property by a government, local authority, corporation, individual or other legal entity. Public services such as water supply may be operated as a concession. In the case of a public service concession, a private company enters into an agreement with the government to have the exclusive right to operate, maintain and carry out investment in a public utility (such as a water privatisation) for a given number of years. Other forms of contracts between public and private entities, namely lease contract and management contract (in the water sector often called by the French term ''affermage''), are closely related but differ from a concession in the rights of the operator and its remuneration. A lease gives a company the right to operate and maintain a public utility, but investment remains the responsibility of the public. Under a management contract the operator will collect the revenue only on behalf of the govern ...
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Ciner Holding
Ciner Group (known as Park Holding until December 1994) is an industrial conglomerate in Turkey operating in energy, media, and commerce. Via Ciner Media Group, it owns media properties including the ''Habertürk'' newspaper and Habertürk TV. In the energy and mining sector, the company has various coal mines and power plants, and via Eti Soda and Kazan Soda Elektrik, it controls the world's second largest trona (soda ash) reserves. Its Park Elektrik subsidiary is 35% floated on the Istanbul Stock Exchange, as PRKME.Ciner GroupCiner Group aims at being the biggest group in Turkey and contributes to the economical, social and cultural development and future of Turkey./ref> Ciner's asphaltite and lignite mines and power stations are operated via various subsidiaries, including Silopi Elektrik. Ciner is on the Global Coal Exit List. See also * Energy policy of Turkey Energy consumption per person in Turkey is similar to the world average, and over 85 percent is from ...
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Eynez Coal Mine
Eynez Coal Mine, also known as Soma Coal Mine, is a disused coal mine in Turkey near the town of Soma Soma may refer to: Businesses and brands * SOMA (architects), a New York–based firm of architects * Soma (company), a company that designs eco-friendly water filtration systems * SOMA Fabrications, a builder of bicycle frames and other bicycle ... in Manisa Province. The mine, a public property owned by TKI, was operated by the private sector company Soma Kömür İşletmeleri A.Ş. In May 2014 the Soma mine disaster took place in the mine, killing 301 people. In May 2018 TKI attempted to retender the operating licence. References External links Eynez coal mineon Global Energy Monitor {{DEFAULTSORT:Eynez Coal Mine Coal mines in Turkey Manisa Province Soma District ...
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Hürriyet
''Hürriyet'' (, ''Liberty'') is one of the major Turkish newspapers, founded in 1948. , it had the highest circulation of any newspaper in Turkey at around 319,000. ''Hürriyet'' has a mainstream, liberal and conservative outlook. ''Hürriyet'' combines entertainment value with news coverage. ''Hürriyet'' has regional offices in Istanbul, Ankara, Izmir, Adana, Antalya and Trabzon, as well as a news network comprising 52 offices and 600 reporters in Turkey and abroad, all affiliated with Doğan News Agency, which primarily serves newspapers and television channels that were previously under the management of Doğan Media Group (Doğan Yayın Holding). ''Hürriyet'' is printed in six cities in Turkey and in Frankfurt, Germany. , according to Alexa, its website was the tenth most visited in Turkey, the second most visited of a newspaper and the fourth most visited news website. On 21 March 2018, Doğan Yayın Holding, the parent company of Hürriyet, was sold to Demirören Hold ...
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The Wall Street Journal
''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published six days a week by Dow Jones & Company, a division of News Corp. The newspaper is published in the broadsheet format and online. The ''Journal'' has been printed continuously since its inception on July 8, 1889, by Charles Dow, Edward Jones, and Charles Bergstresser. The ''Journal'' is regarded as a newspaper of record, particularly in terms of business and financial news. The newspaper has won 38 Pulitzer Prizes, the most recent in 2019. ''The Wall Street Journal'' is one of the largest newspapers in the United States by circulation, with a circulation of about 2.834million copies (including nearly 1,829,000 digital sales) compared with ''USA Today''s 1.7million. The ''Journal'' publishes the luxury news and lifestyle magazine ' ...
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