Long history....1 Mar 2021 16:36
1968
The business form of Demir Export Ltd. Sti. was transformed into a joint stock company on 24.06.1968.
Members of First Board of Directors were appointed as follows;
Mr. Vehbi Koç,
Mr. Fazil Özis,
Mr. Hulki Alisbah,
Mr. Ziya Bengü and
Mr. FikriTokcan.
1969
Based upon the machinery owned by the Company, contracting works in the mining sector was one of the new business opportunities in which an investment would be made and in 1969, the first initiative in such field was taken through the stripping work of 500.000 m3 undertaken in the DivrigiAKafa field of Turkish Iron and Steel Facilities. In the ensuing years, the Company increased its capacity of contracting up to 1.500.000 m3 annually.
1972
Operation was initiated in the field of lead, zinc and copper mining which all are expressed as base metals through the takeover of lead-zinc license field, namely Giresun, Tirebolu, Harsit, Köprübasi. Owing to exhaustion of economic reserve, the operation in such field was finalized in 1994.
Later on, the Company commenced lead-zinc concentrate production in Harköy and copper concentrate production in Killik and Lahanos under the royalty agreement entered into with Karadeniz Copper Facilities which owns various license fields within the Eastern Black Sea Region.
The operation on the foregoing fields was ceased due to exhaustion of economic reserves.
1978
In year 1978 and 1979, the mining fields owned by our Company were expropriated under the Nationalization Law No. 2172 and transferred to Turkish Iron and Steel Facilities and the authority for operating the fields was vested with Erdemir based upon a protocol. Our Company began to work as a contractor in such fields under 2-year contracts and such fields were then returned to our Company.
1989
With the agreement executed with TEAS (TEK) under privatization, an undertaking was assumed pertaining to coal production of Kangal Thermal Power Plant, one of the milestones, in the history of the Company.
The contract commenced in 1989 lasted for 23 years until it expired in 2012. Further to the privatization of Kangal Thermal Plant and Coal Field in 2013, our Company re-assumed the coal production in the field for Kangal TermikSantralElektrik A.S. From 1989 up until now, the coal production volume reached to 114 Million ton in total and number of stripping operations is 424 Million.
2001
Our Company initiated the production of chrome ore in 2001 in Bursa Harmancik District following the exploration and preparation surveys conducted. The activities of production of chrome ore was concluded as of 2016.
2003
International production activities were also started through the commissioning of crushed stone units in Emirate of Ras Al Khaimah and of Fujairah.
Our enterprise located in the Emirate of Fujairah was transferred in 2008. Moreover, the production activities of our enterprise registered in the Emirate of Ras Al Khaimah were ceased.
2006
Copper ore and
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