Dr. Murat BiLEN Head of Development of Technology Department Eti Maden: The Leader of World Boron Market ETİ Maden • Date of Establishment: 1935 – 1935 -1998 ETİBANK – 1998 -2004 ETİ Holding A.Ş. – 2004 -….. Eti Maden İşletmeleri Genel Müdürlüğü • Main Field of Activity: The production and sales of boron products. • Legal Status: State owned company • Management Systems: • • • Quality Management System TS-EN-ISO 9001: 2008 Environmental Management System TS-ISO-EN-14000 Occupational Health & Safety Management System TS-İSG-OHSAS 18001 • General requirements for competence of test and calibration laboratories TS-EN ISO/IEC 17025 Eti Maden: The Leader of World Boron Market 2 Boron Minerals Reserve of Eti Maden BASIN NAME EMET (Colemanite) AMOUNT (Gross Ton) 1.818.264.009 KIRKA (Tincal) 838.152.732 BİGADİÇ (Colemanite-Ulexite) 636.287.478 KESTELEK (Colemanite) TOTAL 5.420.009 3.298.124.228 3 Value Chain Mining Ore Dressing Refining Boron Chemicals Specialty Boron Products 4 Production Sites of Eti Maden BANDIRMA BORON AND ACİD WORKS ETİ MADEN İŞLETMELERİ GENEL MÜDÜRLÜĞÜ BİGADİÇ BORON WORKS KIRKA BORON WORKS EMET BORON WORKS 5 Boron Products of Eti Maden BANDIRMA BORON WORKS • Borax Decahydrate • Borax Pentahydrate • Boric Acid • Boron Oxide • Etidot-67 (Agri Boron) • Sulphuric Acid EMET KIRKA BİGADİÇ BORON WORKS BORON WORKS BORON WORKS • Boric Acid • Concentrated Colemanite • Etibor-48 (Borax Pentahydrate) • Etibor-68 (Anhydrous borax) • Calcined Tincal (Compacted) • Ground Colemanite / Ulexite • Concentrated Colemanite / Tincal / Ulexite • Natural Zeolite 6 Eti Maden in Figures; Production & Capacity of Boron Products 2,400 Production 2,100 2,125 Capacity 2,181 1,725 1,800 Thousand Tons 2,131 1,365 1,500 1,272 1,277 1,100 1,200 2,100 900 730 570 923 300 1,021 1,102 2006 2007 1,788 1,800 2011 2012 2013 1,400 1,312 600 1,780 1,002 715 435 420 436 518 2000 2001 2002 2003 0 2004 2005 2008 2009 2010 Eti Maden: The Leader of World Boron Market 2014E 7 Eti Maden in Figures; Sales 1,200 Domestic Sales Export Total Sales 1,030 1,000 854 822 829 Million USA $ 800 647 535 600 452 390 400 233 225 201 228 276 829 322 519 367 200 215 18 209 16 15 21 24 799 797 629 435 384 299 252 207 186 1,000 399 23 23 15 16 17 18 25 25 30 30 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014E 8 Regional Export of Eti Maden Middle East 1.6% America 12.5% Africa 0.3% Europe 27.1% Asia 58.5% Eti Maden: The Leader of World Boron 9 Consumption of Boron Products in the World & Change in Eti Maden’s Market Share Consumption of Boron Products in the World (Million Tonnes) 2000 3.1 2002 2.7 3.3 2005 World Boron Leader 2010 4.0 2013 4.0 2013 47% Change in Eti Maden’s Market Share, % 2000 31% 2002 30% 36% 2005 World Boron Leader 2010 42% Eti Maden: The Leader of World Boron 10 Our Marketing Representatives & Agencies AB ETI PRODUCTS O.Y FINLAND Espoo ETI PRODUCTS RUSSIA Mscow, RUSSIA ETIMINE SA, Bettembourg, LUXEMBOURG ETIMINE, Pittsburgh, USA ETIMINE,TURKEY Ankara MARIO PILATO S.A, Valencia, SPAIN ETIMINE ASIA, Shanghai, CHINA ETIMINE SRL, ITALY ASIAN AGRO CHEMICALS CORPORATION, U.A.E BOROCHEMIE INTERNATIONAL PTE.LTD., SINGAPORE AFRO-GLOBAL GROUP PTY.LTD. SOUTH AFRICA Saxonwold 11 Eti Maden in Turkish Economy Eti Maden is stated as 16th in export rank in the list of “Top 1000 Exporters of Turkey” Eti Maden: The Leader of World Boron 12 World Boron Minerals Reserves RUSSIA 8% KAZAKHSTAN 1% CHINA 4% TURKEY % 73 USA 6% PERU 2% CHILE 3% BOLIVIA 2% ARGENTINA 1% World total is about 4 Billion ton Eti Maden: The Leader of World Boron Market 13 World Boron Consumption by End-Use in 2013 Others 19% Detergents 3% Glass 51% Agriculture 14% Ceramics 13% Eti Maden: The Leader of World Boron 14 R & D Works Strategy; Rather than waiting the growth of boron market, leading to develop market by finding new boron products and new usages. Aim; Increasing production efficiency Develop new usage areas Develop new products Contribute boron technology Strategy; Make/support scientific studies intented for industrial applications 15 SODIUM PERBORATE MONOHYDRAT E ANHYDROUS BORAX R & D Works TRIMETHYL BORATE Completed projects AGRI-BOR & ZINC BORATE CALCINED TINCAL BORON OXIDE Ongoing projects SODIUM BOROHYDRIDE CALCINED COLEMANITE BORON SODA Eti Matik Eti Maden: The Leader of World Boron Market 16 Boron Soda Aim: - reducing environmental effects of SO2 and CO2 (as a greenhouse gas), - achieving absorption of SO2 and CO2 in boron solutions - producing a mixture product with boron compounds and the Soda which is raw material input especially in glass industry. - Na-borate compounds containing soda is produced. Eti Maden: The Leader of World Boron Market 17 BORON IN IRON AND STEEL INDUSTRY A Cost Effective Solution During steel production, Iron scrap is melted down in an electric arc furnace and then molten steel is poured into a ladle. After skimming the slag, it crumbles easily after a few days and becomes fine material like powder which is hydrophobic in nature and cause environmental problems. For solving this problem we have cooperated with the companies and industrial scale testworks have been carried out in the iron and steel plant in Turkey.Our new boron product, was added to the molten slag in the ladle and found that the bulk density of the slag increased from 1,36 ton/m3 in the powder state to 2,64 ton/m3 in the compact state. As a result of this study handling cost and environmental significantly impact is reduced. Eti Maden: The Leader of World Boron Market 18 Eti Matik Eti Maden, completed R&D works and produced detergent with trade name «Eti Matik Borlu Temizlik Ürünü», - It’s NOT a detergent - It doesn’t contain any petrolium derivatives and sulphate. - So, we call it Cleaning Product, but not Detergent - It’s a responsible product to Human health and environment Eti Maden: The Leader of World Boron Market 19 BORON IN AGRICULTURE Target: - Producing a new product for fertilizer industry Specs for Colemanite: +3 – -4 mm, 30 % B2O3 Specs for Ulexite: +3 – -4 mm 32 % B2O3 20 OTHERS Some other R&D studies: - Timber Preservation - Flame Retardant - Energy - Defense industry - Hyraulic Fracturing Eti Maden: The Leader of World Boron Market 21 Long Term Targets (2023) Installed Production Capacity 2023 2014 5.5 Million Tons 2000 2,18 Million tons 570 Thousand tons Last ten years the production capacity has increased about four times and coming ten years it is planned to be double Eti Maden: The Leader of World Boron 22 GROWTH TOGETHER WIN-WIN APPROACH JOINT VENTURE • Eti Maden is open to cooperate with local or foreign technology firms to develop innovative boron products. • As a reliable and the leading supply source of boron products, Eti Maden encourages the local and foreign private investors to invest in those boron using industries in our country. 23 For more information: www.etimaden.gov.tr 24