Turkey's integrated long steel producer, Karabük Demir Çelik Sanayi ve Ticaret, has made significant strides in securing its raw material needs. Recently, the company announced it won the operating rights for 11 mining sites across various regions, including Balıkesir, Kütahya, Sivas, and Kırıkkale. This achievement comes as part of Kardemir's strategy to bolster its private mine management and ensure a stable supply of essential raw materials for its steel production.
The tender, organized by Turkey's General Directorate of Mining and Petroleum Affairs, reflects a growing emphasis on local resource management in the country. Kardemir’s successful bid demonstrates its commitment to expanding its operational capabilities and reducing reliance on external sources for key raw materials. The sites awarded to Kardemir cover a substantial area of 11,939 hectares, highlighting the company's potential to tap into vast mineral resources.
Preliminary studies have already commenced at these sites to assess the reserves available. Kardemir aims to determine the viability of extracting various minerals, including iron ore, copper, gold, and polymetals. This diversified mineral portfolio positions Kardemir to enhance not only its steel production but also potentially venture into other markets. The presence of multiple valuable minerals allows for greater flexibility in operations and opportunities for additional revenue streams.
Kardemir's strategic move is particularly significant as the global steel market continues to evolve. With the demand for steel remaining robust, securing local mining rights provides the company with a competitive edge. It allows Kardemir to mitigate the risks associated with fluctuating raw material prices and supply chain disruptions, especially those exacerbated by international trade tensions.
