Jun 07 2018

Turkish Energy Minister announces Chinese boron deal

Turkish Energy Minister Berat Albayrak has announced that one of the world’s largest boron companies is to sign a co-operation agreement with Turkey’s Eti Mining, state news agency Anadolu said.

“Eti Mining and the Chinese company Dalian Jinma, which is one of the biggest firms in the world in the area of boron technologies, are to sign a co-operation protocol. With this protocol, we will establish a high-technology boron carbide production plant in Balıkesir and more,” Albayrak, who is the son-in-law of President Recep Tayyip Erdoğan, said.

“Boron carbide is a technology that will increase the value of the boron we mine by 2,000 times. A full 2,000 times.”

Turkey is by far the world’s largest producer of boron, a mineral used as a component of detergents, insecticides and types of glass, accounting for 71 percent of global production.

Boron carbide, meanwhile, is one of the hardest known materials on earth, and is used in tank armour, nuclear power plant casings and bulletproof vests.

The boron carbide plant, Albayrak said, would also help Turkey in the development of its own defence industry.

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