Named by the Great National Leader Ataturk after the Hittite Civilization, which began mining activities in the world as far back as 6,000 BC living and excelling at mining on the bountiful lands of Anatolia, Eti Maden has entered its 76th year of operations.
Etibank was established with a capital of 20 million Turkish Lira on the 14th of June 1935, in the aftermath of the global financial crisis and the Turkish War of Liberation of the early 1900’s as a drive of modern industrialization that brought together natural resources and the concept of finance. The company was restructured on 1/5/1998 as Eti Holding Inc. and later became Eti Maden General Directorate on 31/1/2004. The company has a capital of 100 million TL as of the end of 2010.
Eti Maden is designated by parliamentary decree to make the best use of Turkey’s natural resources and to provide the highest benefit to the Turkish economy. True to its original mission, the company has successfuly mined boron ore that is one of Turkey’s most important mineral resources and has transformed it into high added value boron products to become the leader in the global boron market.