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Mineral Exploration: What, Where • and Why in Turkey

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Mineral Exploration: What, Where • and Why in Turkey by Mining & Earth Sciences Magazine 01 September 2011 | Vol 1 | Number 1 | www.madencilik-turkiye.com • Mineral Exploration: What, Where and Why in Turkey • Turkey: Europe’s Largest Gold Producer • Mining Sector In The World and In Turkey contents Mining Turkey is published biannually by Mayeb Madencilik ve Yer Bilimleri Basım Yayın Dağıtım Ltd. 2...... FROM THE EDITOR 1042. Cd. 1335. Sk. Vadi Köşk Apt. No: 6/8 A. Öveçler / ANKARA / TURKEY Tel : +90 (312) 482 18 60 4...... NEWS Fax : +90 (312) 482 18 61 [email protected] www.madencilik-turkiye.com 12...... MINERAL EXPLORATION: WHAT, WHERE AND General Coordinator Onur Aydın WHY IN TURKEY by Özcan Yiğit [email protected] Editor - International Relations O. Çağım Tuğ 20...... FLSMIDTH company profile [email protected] News Ceren Kılıç 21...... CHESSER RESOURCES company profile [email protected] Graphic Design M. Anıl Tuğ 22...... TURKEY: EUROPE’S LARGEST GOLD PRODUCER [email protected] Merve Mallı [email protected] by Muhterem Köse Web Technologies Bilgin B. Yılmaz [email protected] 26...... MAXWELL GEOSERVICES company profile Legal Adviser Av. Evrim İnal [email protected] 28...... MINING SECTOR IN THE WORLD AND IN Academical Advisers Assoc. Prof. C. Okay Aksoy Assoc. Prof. Ali Sarıışık TURKEY by MSBK Assoc. Prof. Erol Kaya Assoc. Prof. Hakan Başarır Assoc. Prof. M. Emin Candansayar 32...... MINING COMPANIES IN TURKEY’S TOP 500 Assoc. Prof. Talip Güngör Assist. Prof. Melih Geniş Assist. Prof. Melih Iphar INDUSTRIAL ENTERPRISES OF 2010 Assist. Prof. Nuray Demirel Advertising Sales by Madencilik Türkiye Magazine [email protected] Annual Subscription Enquiries [email protected] Advertisers index 01 September 2011 1 Editor www.madencilik-turkiye.com 1979 to 2011. Prehistoric to 3rd millenium. A short review of Turkey through time. O. Çağım Tuğ | [email protected] 22nd World Mining Congress which will the civilizations of Anatolia shape the fu- take a look at Turkey’s mineral explora- be held between 11 - 16 September ture. Through 2000 years till now, Anatolia tion and geological framework, written 2011, will be the second experience for owned by various important empires, has by Özcan Yiğit, Associate Professor of İstanbul and Turkey in terms of WMC. become a bridge for eastern and west- Economic Geology at Çanakkale Onsekiz After the 10th World Mining Congress in ern cultures. Today, Turkey starts to recall Mart University, Turkey; to understand İstanbul with the topic “Mining and Min- Anatolia’s role in the modern civilisation the gold mining industry in Turkey writ- eral in the Service of Mankind” in 1979, and with the help of record high metal ten by Muhterem Köse, Gold Miner’s As- this new Congress’ topic will be “Innova- prices, restarts to place special emphasis sociation; to have a brief outlook to the tions and Challenges in Mining”. Even on its mining sector and production. world and Turkey’s mining industry with with these two topics, it’s possible to see actual numbers written by Association of the progress of mining business in the Turkey has always been a strategic cen- Mining Sector Presidents’ Council. Turkish world through “need” to “essential” or “to ter for different companies on different mining news and company profiles are accepted” to “to developped”. industries due to its geographical loca- also in the content list. tion between Europe - Balkans - Asia and Anatolia, the cradle of civilizations, start- Middle East. Being a peninsula Turkey has Mining Turkey, English version of Maden- ed to use copper circa 9000 years BC. an important advantage to transport the cilik Türkiye, will continue to inform world Around Çayönü Hill - Diyarbakır, a num- commodity overseas through three seas mining industry about Turkey’s mining ber of copper beads, awl fragments aged surrounding it: Mediterranean, Egean sector regularly. Madencilik Türkiye Mag- 9000 - 8200 BC were discovered. The old- and Black Sea. Cultural motives of the azine aims to inform Turkish mining sec- est underground mine in Anatolia was region including hospitality and being tor about latest news and new technolo- discovered at Kozlu, Tokat, aged 5000 open minded help the foreigners to build gies since September 2009. Madencilik years BC. First mining tool, a miner shovel their business and to live. Goverment’s Türkiye became a brand in the Turkish was discovered in a copper mine at Mur- recent policies on mining sector give full mining industry at short notice wih its gul Deposit, Borçka, Artvin and was dated support to exploration and production. online bookstore, short courses and Bul- to 1st millenium BC. After flintstone and It won’t be wrong to say that Turkey has a letin of Mineral Rights & Concessions. obsidian, rich metal deposits of Anatolia huge mineral potential due to its geologi- also gave numereous different opportu- cal features and it is well known that with Please get in touch with us to have a hard nities to the mankind to hunt and defend, the early exploration data, Turkey knows / soft copy, to send articles or to give ad- to feed and to make tools. The amount of only 100 meters deep of the surface. Even vertisements. resources, capability of mining and creat- there is no world class deposit in Turkey, ing equipments were the main elements the potential is expanding and the num- And now, please enjoy the congress! to survive and to strenghten the tribes ber of projects increase every year. and civilisations. The first use of silver and gold coins as money by Lydians, made In this issue, you will have the chance to Magazine “The Brand of Turkish Mining” www.madencilik-turkiye.com News www.madencilik-turkiye.com New steps on Turkey’s boron production General Directorate of Mineral Research posit happens to be in Turkey, followed and Exploration (MTA) finalised the main by Russia 8 % and by USA 7 %. ETİ sup- part of the drilling programme which plies 40 % of the world boron demands aims to explore new boron deposits. after Rio Tinto Borax. Eti Maden planned As a province which reserves most of for the production of 3.9 million tons of Turkey’s boron deposits, Kütahya hosts raw ore in 2010 and realized 134 % of the the project which is a joint venture of program with 4.5 million tons of produc- Eti Mine Works General Management tion. The production of boron chemicals (ETİ) and MTA, both public institutions. and equivalent products was 1 million The drilling programme includes 16 drill tons in 2009. holes at Emet, Hisarcık and Çavdarhisar district. The process is ended in 13 holes ETİ has also announced its new technol- and the samples will be analysed at ETİ’s ogy, “Near Infrared Optical Separator” to laboratories. The drilling programme has use on residual waste material after the reached total 300 meters so far. production of colemanite. A NIR Separa- tor with the capacity of 10 t/h is built at Tincal, colemanite and ulexite are the Bigadiç Boron Plant and it’s planned to primary boron minerals that Turkey pro- create an income of 35 million USD, with duce boron. 72 % of the world boron de- the enrichment capacity of 88 %. Banded Clay - Tincal in the ore Capacity Total Reserve Distribution Country Country (Thousand Tonne) (Thousand Tonnes B2O3) (%) Turkey 1,785 Turkey 864,500 72 Russia 100,000 8 USA 1,560 USA 80,000 7 China 545 China 47,000 4 Chile 415 Chile 41,000 3 Argentina 196 Peru 22,000 2 Russia 151 Bolivia 19,000 2 Iran 16,200 1 Bolivia 78 Argentina 9,000 1 Peru 75 Serbia 1,000 0 India 48 Kazakhstan Unknown - World Total 4,853 Total 1,199,700 100 Tincal Ore Production Capacities of Boron - Source: Eti Mine World Boron Reserves - Source: Eti Mine Kırka Boron Plant 4 01 September 2011 Kefi sold Artvin Project AIM quoted gold and copper explora- known as Kızılçukur), Muratdağ and Yatık we are also evaluating the Tiouit Gold- tion company Kefi Minerals has an- West projects in western Turkey to Ari- Copper Mine in Morocco.” nounced that it has sold the company’s ana Resources plc. Our policy has always Artvin Project to a Turkish mining com- been to continually rapidly assess and, pany, in August. 15 exploration licences where appropriate, turnover projects locating in the Eastern Pontide Belt in in our exploration portfolio and as such northeastern Turkey, covering total 254 we believe our cost-efficient approach km2 has been sold for an initial cash pay- increases the probability that Kefi Miner- ment 100,000 USD and 1 % net smelter als will make a major gold and/or copper royalty on all future mineral production discovery. We continue to evaluate op- from the licences. Kefi Minerals’ Manag- portunities in Turkey and in the region. ing Director Jeff Rayner states that: “This Additionally, Kefi Minerals has recently sale marks the latest step in our strategy began exploring our Selib North Project and follows on from the earlier sale in which is the first exploration licence we June of the Company’s Derinin Tepe (also have been granted in Saudi Arabia while Kefi Minerals’ Projects Turkpower and its new iron ore share TurkPower Corporation announces the TurkPower President Ryan E. Hart says ibility for future mining ventures and purchase of 50.09 % working interest in “This is a great day and milestone for acquisitions in the booming mining in- Maksor Madencilik, the 100 % owner of TurkPower and its investors. With the dustry of Turkey.” the Kuluncak Iron Ore Project in Turkey, purchase of controlling interest in the for a total purchase price of 15 million operational Kuluncak iron ore mine, Turkpower Corportation is a Turkish - EUR and 73 million shares of Turkpower.
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