Eti Maden is a Turkish

state-owned State ownership, also called government ownership and public ownership, is the ownership of an industry, asset, or enterprise by the state or a public body representing a community, as opposed to an individual or private party. Public ownersh ...

mining Mining is the extraction of valuable minerals or other geological materials from the Earth, usually from an ore body, lode, vein, seam, reef, or placer deposit. The exploitation of these deposits for raw material is based on the economic via ...

and

chemicals A chemical substance is a form of matter having constant chemical composition and characteristic properties. Some references add that chemical substance cannot be separated into its constituent elements by physical separation methods, i.e., wit ...

company focusing on

boron Boron is a chemical element with 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 th ...

products. It holds a

government monopoly In economics, a government monopoly or public monopoly is a form of coercive monopoly in which a government agency or government corporation is the sole provider of a particular good or service and competition is prohibited by law. It is a monopoly ...

on the mining of

borate minerals 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 whic ...

in Turkey, which possesses 72% of the world's known deposits. In 2012, it held a 47% share of global production of borate minerals, ahead of its main competitor,

Rio Tinto Group Rio Tinto Group is an Anglo-Australian Multinational corporation, multinational company that is the world's second-largest metals and mining corporation (behind BHP). The company was founded in 1873 when of a group of investors purchased a mine ...

, which held 23%. In 2012, it was the forty-first largest industrial company in Turkey, with an annual

revenue In accounting, revenue is the total amount of income generated by the sale of goods and services related to the primary operations of the business. Commercial revenue may also be referred to as sales or as turnover. Some companies receive reven ...

of $850 million. It was founded in 1935 as

Etibank Etibank A.Ş is a defunct Turkish bank. Founded in 1935 as a state bank focussed on financing the electricity sector, it launched commercial banking activities in 1955. The commercial banking division was separated out in 1993 (from what would bec ...

, a bank created to finance Turkish

natural resource Natural resources are resources that are drawn from nature and used with few modifications. This includes the sources of valued characteristics such as commercial and industrial use, aesthetic value, scientific interest and cultural value. O ...

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. Its subsidiaries include AB Etiproducts OY, a

Finland Finland ( fi, Suomi ; sv, Finland ), officially the Republic of Finland (; ), is a Nordic country in Northern Europe. It shares land borders with Sweden to the northwest, Norway to the north, and Russia to the east, with the Gulf of B ...

-based company which distributes Eti Mine Works products in

Scandinavia Scandinavia; Sámi languages: /. ( ) is a subregion#Europe, subregion in Northern Europe, with strong historical, cultural, and linguistic ties between its constituent peoples. In English usage, ''Scandinavia'' most commonly refers to Denmark, ...

Eastern Europe Eastern Europe is a subregion of the Europe, European continent. As a largely ambiguous term, it has a wide range of geopolitical, geographical, ethnic, cultural, and socio-economic connotations. The vast majority of the region is covered by Russ ...

Russia Russia (, , ), or the Russian Federation, is a List of transcontinental countries, transcontinental country spanning Eastern Europe and North Asia, Northern Asia. It is the List of countries and dependencies by area, largest country in the ...

Central Asia Central Asia, also known as Middle Asia, is a subregion, region of Asia that stretches from the Caspian Sea in the west to western China and Mongolia in the east, and from Afghanistan and Iran in the south to Russia in the north. It includes t ...

, and

Africa Africa is the world's second-largest and second-most populous continent, after Asia in both cases. At about 30.3 million km2 (11.7 million square miles) including adjacent islands, it covers 6% of Earth's total surface area ...

. Bandırma Borax owns one of the small

coal-fired power stations in Turkey This list attempts to include all plants which generate coal power in Turkey including autoproducers. All coal-fired power stations which sent power to the grid in 2020 are listed below. In 2018 there were 300 MW of unlicensed thermal power st ...

Ab Etiproducts Oy

In 1982, Ab Etiproducts Oy was established by Finnish mining multimetal

Outokumpu Outokumpu Oyj is a group of international companies headquartered in Helsinki, Finland, employing 10,600 employees in more than 30 countries. Outokumpu is the largest producer of stainless steel in Europe and the second largest producer in the A ...

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 A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a s ...

company Etiproducts Llc, in

. The company presently operates in

(Finland, Sweden, Denmark, Iceland and Norway), the

Baltic states The Baltic states, et, Balti riigid or the Baltic countries is a geopolitical term, which currently is used to group three countries: Estonia, Latvia, and Lithuania. All three countries are members of NATO, the European Union, the Eurozone, ...

(Estonia, Latvia, Lithuania),

Poland Poland, officially the Republic of Poland, is a country in Central Europe. It is divided into 16 administrative provinces called voivodeships, covering an area of . Poland has a population of over 38 million and is the fifth-most populous ...

, Russia,

Kazakhstan Kazakhstan, officially the Republic of Kazakhstan, is a transcontinental country located mainly in Central Asia and partly in Eastern Europe. It borders Russia to the north and west, China to the east, Kyrgyzstan to the southeast, Uzbeki ...

and other

CIS Cis or cis- may refer to: Places * Cis, Trentino, in Italy * In Poland: ** Cis, Świętokrzyskie Voivodeship, south-central ** Cis, Warmian-Masurian Voivodeship, north Math, science and biology * cis (mathematics) (cis(''θ'')), a trigonome ...

countries. Stock is located in the

Baltic Baltic may refer to: Peoples and languages * Baltic languages, a subfamily of Indo-European languages, including Lithuanian, Latvian and extinct Old Prussian *Balts (or Baltic peoples), ethnic groups speaking the Baltic languages and/or originati ...

and

Black Sea Region The Black Sea Region ( tr, Karadeniz Bölgesi) is a geographical region of Turkey. The largest city in the region is Samsun. Other big cities are Trabzon, Ordu, Tokat, Giresun, Rize, Amasya and Sinop. It is bordered by the Marmara Region to the ...

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.

Products

Boron minerals and refined products include:{{Cite web , url=http://www.etimaden.gov.tr/urunler-10k.htm , title=Eti Maden İşletmeleri , access-date=2014-01-11 , archive-url=https://web.archive.org/web/20140111071133/http://www.etimaden.gov.tr/urunler-10k.htm , archive-date=2014-01-11 , url-status=dead Colemanite Etiproducts

Boric acid Boric acid, more specifically orthoboric acid, is a compound of boron, oxygen, and hydrogen with formula . It may also be called hydrogen borate or boracic acid. It is usually encountered as colorless crystals or a white powder, that dissolves ...

, Normal Sulphate *

, Low Sulphate *

Boron oxide Boron oxide may refer to one of several oxides of boron: *Boron trioxide (B2O3, diboron trioxide), the most common form *Boron monoxide (B2O), theoretical, unstable *Boron suboxide Boron suboxide (chemical formula B6O) is a solid compound with a s ...

* Etibor-48 (Borax Pentahydrate) * Borax Decahydrate * Etibor-68 (Anhydrous Borax) * Etidot-67 (Disodium Octaborate Tetrahydrate) Concentrated boron products include: * Ground colemanite * Ground

Ulexite Ulexite (NaCaB5O6(OH)6·5H2O, hydrated sodium calcium borate hydroxide), sometimes known as TV rock or Television stone, is a mineral occurring in silky white rounded crystalline masses or in parallel fibers. The natural fibers of ulexite conduc ...

* Calcined

Tincal Borax is a salt (ionic compound), a hydrated borate of sodium, with chemical formula often written . It is a colorless crystalline solid, that dissolves in water to make a basic solution. It is commonly available in powder or granular form, ...

(Compacted) * Bigadiç Colemanite * Kestelek Colemanite * Hisarcik Colemanite * Espey Colemanite *

* Natural Zeolite * Sulphuric Acid (Technical / Pure) * Calcined Pyrite (Powder)

References

External links

Eti Maden Bandirma power station
on

Global Energy Monitor Global Energy Monitor (GEM) is a San Francisco-based non-governmental organization which catalogs fossil fuel and renewable energy projects worldwide. GEM shares information in support of clean energy and its data and reports on energy trends a ...

Mining companies of Turkey Turkish companies established in 1993 Coal in Turkey