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turkishmining

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Information about turkishmining
Business-Finance

Published on April 16, 2008

Author: Jancis

Source: authorstream.com

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TURKEY :  TURKEY TURKEY :  TURKEY 70 million Population 35% of the population is less than 18 years old 52% of the population is less than 30 years of age If joined EU, 2nd largest population in Europe after Germany Turkey is one of the fastest growing economies in OECD Attracted an FDI inflow of approximately $20 billion in 2006 TURKEY :  TURKEY Strategically located between the markets that cover over one billion consumers, including: a growing domestic market (approx. 70 million); high-income European markets (approx. 600 million); emerging Russian, Caucasian and Central Asian markets (approx. 250 million); diverse and expanding Middle East and North Africa markets (approx. 160 million). ECONOMY - 2006:  ECONOMY - 2006 GDP: Approx. $400 billion Per Capita Income: Approx. $5,500 GDP Growth Rate: 6.0% Inflation: 9.7% (2007 estimate: 5%) (2008 estimate: 4%) Total Imports:$139 billion Total Exports:$86 billion Main U.S. Competitors: Import Market Share:  Main U.S. Competitors: Import Market Share Russia 12.8% (mostly gas imports) Germany 10.5% China 7.0% Italy 6.2% France 5.1% U.S.A. 4.5% EU 42.5% U.S. and Turkey:  U.S. and Turkey US 6th Largest Trading Partner of Turkey Imports from US: Approx. $6 billion in 2006 Exports to US: Approx. $5 billion in 2006 Turkey is NATO ally since 1952 Signed Reciprocal Promotion and Protection of Investments in 1985 Signed Avoidance of Double Taxation in 1996 Advantages of Doing Business with Turkey:  Advantages of Doing Business with Turkey Average Tariff on Industrial Goods: 5 % Customs Union with the European Union Strategic Location for Regional Markets 70 Million Consumers Well-Developed Infrastructure Educated Workforce & Young Population 100% Ownership Allowed Strategic U.S. Ally and Partner (Member of NATO) MINING SECTOR IN TURKEY :  MINING SECTOR IN TURKEY A very rich country in diversity of mine and potential of mining Large steel industry, which imports coking coal from the U.S., Russia, Australia and South Africa Turkey holds 60% of the world’s boron reserves where it’s share in world boron market is only 23%. Turkey holds 1% of the world’s chromium reserve, where 9% of world’s chromium production takes place in Turkey. MINING SECTOR IN TURKEY :  MINING SECTOR IN TURKEY Turkey has the 2nd largest Trona (natural soda ash) reserves after the reserves in Wyoming, USA Turkey has large lignite reserves (both open pit and underground) Turkey has an iron mine potential of over 1 billion tons Turkey has an important marble reserve with 650 different colors and different qualities of marble. Turkey’s copper, zinc and lead reserves are by order of approximately 2.28, 2.29 and 0.86 million tons. MINING SECTOR IN TURKEY :  MINING SECTOR IN TURKEY Turkey’s gold reserve comes up in the first ten European countries The potential of gold mining is estimated as 6500 tons. There are more than 1175 tons of gold reserves known and 240 tons of ready-for-operation reserves in Turkey. Turkey produces 30 million tons of silver mineral ore, resulting with 150 tons of metal silver production. MINING SECTOR IN TURKEY :  MINING SECTOR IN TURKEY Turkish steel producers import coking coal Turkish cement producers import steam coal for cement production. Total imports of steam coal expected to increase 30% by the end of 2008. In 2008, steam coal consumption will be 7 million tons. Imports will account for 3.5 million tons. Steam coal imports expected to increase to 12 million tons by 2010. MINING SECTOR IN TURKEY :  MINING SECTOR IN TURKEY Coal is used for both as a fuel and a raw material in cement production. In 2 years, 10 million tons of clinker capacity to be added. Main competitors for coking coal and steam coal are Russia, South Africa and Australia. Imported coal is also used for power generation. Turkish homes also depend on clean coal for winter heating. Approx. 8.5 million tons of coal imported for this purpose. Turkish importers have been paying $120 - $130/ton MINING & ELECTRIC POWER SECTOR IN TURKEY :  MINING & ELECTRIC POWER SECTOR IN TURKEY Several new imported coal type power plant projects are underway by the private sector. Several of these companies are Alarko, Enka Energy, Sabanci, etc. Demand for electricity growth is 8%. This summer, because of the drought, Turkey had a hard time meeting the electricity demand. As hydroelectric meets 30% of the generation, the gap for additional power generation will grow due to global warming. MINING & ELECTRIC POWER SECTOR IN TURKEY :  MINING & ELECTRIC POWER SECTOR IN TURKEY Turkey has large lignite deposits in Afsin Elbistan: 40% of Turkey’s 8.3 billion tons of proven lignite reserves. Turkish Government is seeking for private investors to operate these mines and establish 2X1200 MW power plants. Turkish Government also tendered operation of several other coal mines on the condition that the winners will have to establish power plants and sell the electricity to GOT. MINING & ELECTRIC POWER SECTOR IN TURKEY :  MINING & ELECTRIC POWER SECTOR IN TURKEY The new private sector investors will be requiring new mining and power generation equipment. Due to high sulfur lignite reserves, air pollution is a major problem in power generation. Clean coal technologies need to be used. New tenders consider fluidized bed type of boilers. Flue Gas Desulphurization (FGD) systems will be required. Market Entry Strategies: What Works?:  Market Entry Strategies: What Works? Product Price Packaging Patience Persistence Partnership Perform Due Diligence How Can We Help?:  How Can We Help? Provide in-depth, value-added counseling to first-time and experienced exporters Assist firms to enter and secure market share Produce customized market research on industry sectors, company profiles, and special opportunities Provide information on Federal Trade Finance Programs Products & Services:  Products & Services Gold Key Service Market Research Reports Customized Market Analysis International Partner Search International Company Profile Video Conference Gold Key - Executive Appointment Service:  Gold Key - Executive Appointment Service Customized Program offering appointments and pre-screened contacts matching your interests and objectives Reduces your risk and expenditure of time and money Customized market and industry briefings Spend less time on logistics. We take care of details so you can focus on business Customized Market Analysis:  Customized Market Analysis Providing detailed decision-making information re: Sales Potential Competitors Distribution Channels Pricing Customer Preferences Market Barriers Representatives & Buyers Potential Licensing and Joint Venture Partners International Partner Search:  International Partner Search Helps you find right distribution channel Identifies up to six pre-qualified potential agents, distributors, or representatives to your specifications At a fraction of the cost of conducting similar research on your own International Company Profile:  International Company Profile Take a gamble out of exporting to new customers Up-to-date information on potential clients: Bank & trade references Principals, key officers & managers Product lines Number of employees Financial data Sales volume Reputation Market outlook How to Contact Us:  How to Contact Us Serdar Cetinkaya, Senior Specialist James Fluker, Commercial Counselor U.S. Commercial Service U.S. Embassy, 110 Ataturk Bulvari, 06100 Ankara, Turkey Serdar.cetinkaya@mail.doc.gov James.Fluker@mail.doc.gov Tel: 90-312-457-7203 or 457-7278 Fax:90-312-457-7302 www.buyusa.gov/turkey/en www.csturkey.com

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