Eti Maden: The Leading Boron Producer of the World

1. Eti Maden: The Leader of World Boron Market Dr. Murat BiLEN Head of Development of Technology Department

2. 2 ET Maden Eti Maden: The Leader of World Boron Market Date of Establishment : 1935 1935 -1998 ETBANK 1998 -2004 ET Holding A.. 2004 -.. Eti Maden letmeleri Genel Mdrl Main Field of Activity: T he product ion and sale s 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-SG-OHSAS 18001 General requirements for competence of test and calibration laboratories TS-EN ISO/IEC 17025

3. Boron Minerals Reserve of Eti Maden BASIN NAME AMOUNT (Gross Ton) EMET (Colemanite) 1.818.264.009 KIRKA (Tincal) 838.152.732 BGAD ( Colemanite -Ulexite) 636.287.478 KESTELEK (Colemanite) 5.420.009 TOTAL 3.298.124.228 3

4. Mining Ore Dressing Refining Boron Chemicals Specialty Boron Products 4 Value Chain

5. Production Sites of Eti Maden EMET BORON WORKS BGAD BORON WORKS BANDIRMA BO RON AND ACD WORKS KIRKA BORON WORKS ET MADEN LETMELER GENEL MDRL 5

6. 6 BANDIRMA BOR ON WORKS Borax Decahydrate Borax Pentahydrate Boric Acid Boron Oxide Etidot-67 (Agri Boron) Sulphuric Acid EMET BOR ON WORKS Boric Acid Concentrated Colemanite KIRKA BOR ON WORKS Etibor-48 (Borax Pentahydrate) Etibor-68 (Anhydrous borax) Calcined Tincal (Compacted) BGAD BOR ON WORKS Ground Colemanite / Ulexite Concentrated Colemanite / Tincal / Ulexite Natural Zeolite Boron Products of Eti Maden

7. Eti Maden in Figures; Production & C apac i ty of Boron Products 7 Eti Maden: The Leader of World Boron Market

8. Eti Maden in Figures; Sales 8

9. Regional Export of Eti Maden Eti Maden: The Leader of World Boron Market 9

10. Consumption of Boron Products in the World & Change in Eti Madens Market Share 31 % 2000 30% 2002 36% World Boron Leader 2005 42% 2010 47% 2013 Change in Eti Madens Market Share, % Change in Eti Madens Market Share, % 3.1 2000 2.7 2002 3.3 World Boron Leader 2005 4.0 2010 4.0 2013 Consumption of Boron Products in the World (Million Tonnes) Consumption of Boron Products in the World (Million Tonnes) 10 Eti Maden: The Leader of World Boron Market

11. Our Marketing Representatives & Agencies ETIMINE, Pittsburgh, USA ETIMINE,TURKEY Ankara ETIMINE ASIA, Shanghai, CHINA ASIAN AGRO CHEMICALS CORPORATION, U.A.E MARIO PILATO S.A, Valencia, SPAIN AFRO-GLOBAL GROUP PTY.LTD. SOUTH AFRICA Saxonwold ETIMINE SRL, ITALY ETIMINE SA, Bettembourg, LUXEMBOURG AB ETI PRODUCTS O.Y FINLAND Espoo BOROCHEMIE INTERNATIONAL PTE.LTD., SINGAPORE 11 ETI PRODUCTS RUSSIA Mscow, RUSSIA

12. Eti Maden is stated as 16 th in export rank in the list of Top 1000 Exporters of Turkey Eti Maden in Turkish Economy 12 Eti Maden: The Leader of World Boron Market

13. World Boron Minerals Reserves PERU 2% ARGENTINA 1% BOLIVIA 2% CHILE 3 % CHINA 4% RUSSIA 8% TURKEY % 73 KAZAKHSTAN 1% USA 6 % 13 Eti Maden: The Leader of World Boron Market World total is about 4 Billion ton

14. World Boron Consumption by End-Use in 2 0 13 Eti Maden: The Leader of World Boron Market 14

15. R & D Works Aim; Increasing production efficiency Develop new usage areas Develop new products Contribute boron technology Strategy ; Rather than waiting the growth of boron market, leading to develop market by find ing new boron products and new usages. Strategy ; Rather than waiting the growth of boron market, leading to develop market by find ing new boron products and new usages. 15 Strategy ; Make/support s cientific studies intented for industrial applications Strategy ; Make/support s cientific studies intented for industrial applications

16. R & D Works SODIUM PERBORATE MONOHYDRAT E TRIMETHYL BORATE AGRI-BOR & ZINC BORATE BORON OXIDE CALCINED TINCAL ANHYDROUS BORAX Completed projects SODIUM BOROHYDRIDE CALCINED COLEMANITE BORON SODA Eti Matik Ongoing projects 16 Eti Maden: The Leader of World Boron Market

17. Boron Soda Eti Maden: The Leader of World Boron Market 17 Aim: - reduc ing environmental effects of S O 2 and CO 2 (as a greenhouse gas), - achieving absorption of S O 2 and CO 2 in boron solutions New Product - 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.

18. BORON IN IRON AND STEEL INDUSTRY 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 p roblem we have cooperated with the companies and industrial scale testworks have been carried out in the iron and steel plant i n Turkey .Our new boron product, was added to the molten slag in the ladle and found that t he bulk density of the slag increased from 1,36 ton/m 3 in the powder state to 2,64 ton/m 3 in the compact state. As a result of this study handling cost and environmental significantly impact is reduced. A Cost Effective Solution New Product Eti Maden: The Leader of World Boron Market 18

19. Eti Matik Eti Maden: The Leader of World Boron Market 19 Eti Maden, completed R&D works and produced detergent with trade name Eti Matik Borlu Temizlik rn, - Its NOT a detergent - It doesnt contain any petrolium derivatives and sulphate. - So, we call it Cleaning Product, but not Detergent - Its a responsible product to Human health and environment - Its NOT a detergent - It doesnt contain any petrolium derivatives and sulphate. - So, we call it Cleaning Product, but not Detergent - Its a responsible product to Human health and environment New Product

20. 20 Target : - Producing a new product for fertilizer industry Specs for Colemanite: +3 -4 mm, 30 % B 2 O 3 Specs for Ulexite: +3 -4 mm 32 % B 2 O 3 New Product BORON IN AGRICULTURE

21. Some other R&D studies: - Timber Preservation - Flame Retardant - Energy - Defense industry - Hyraulic Fracturing OTHERS End USE 21 Eti Maden: The Leader of World Boron Market

22. Long Term Targets (2023) 22 570 Thousand tons 2,18 Million tons 5.5 M illion T ons 2023 2014 2000 Installed Production Capacity Eti Maden: The Leader of World Boron Market Last ten years the production capacity has increased about four times and coming ten years it is planned to be double

23. 23 STRATEGIC PARTNERSHIP JOINT VENTURE COOPERATION WIN-WIN APPROACH 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. GROWTH TOGETHER

24. For more information: www.etimaden.gov.tr 24