Ontario/Canada Mining Mission to Mining Turkey 2012
Mining Turkey 2012
November 29 - December 2, 2012
Mining Outreach to Kazakhstan
December 3-6, 2012
The Ontario Ministry of Economic Development and Innovation in partnership with the Canadian Consulate in Istanbul is organizing an Ontario/Canada mining mission in conjunction with Mining Turkey 2012, which will take place in Istanbul, Turkey, November 29 – December 2, 2012. Ontario companies will have an opportunity to exhibit at the Ontario/Canada showcase at the show.
The outreach program to Kazakhstan will be developed in partnership with the Canadian Embassy in Astana for companies who will be interested in the opportunities in the mining industry in Kazakhstan.
Mining Turkey is the largest mining show in Turkey, which is a bi-annual event designed to bring foreign suppliers of mining equipment and machinery, products and services in direct contact with mining exploration, mining processing of minerals and metal manufacturers within mining sector from across Turkey.
In 2010, foreign visitors from 26 countries attended the show. Asia, Eastern Europe and Middle East were represented by highest number of visitors. Number of countries represented through exhibitors is expected to rise to 35 in the 2012 show.
For more information, please refer to the attached files as well as to visit the Mining Turkey website.
The mission program in Istanbul will also incorporate B2B meetings and a networking reception.
MINING MARKET IN TURKEY (Source: Business Monitor International)
• Turkey boasts huge mineral wealth. Ninety commodities are traded on the world mineral market and out of this 90, 73 commodities are mined in Turkey. Most production is carried out by the private sector and the country is home to 62% of the world's borax reserves, 20% of bentonite and half the world's perlite and 2.5% of the planet's overall industrial mineral resources.
• In spite of a long mining history and large resource potential, the annual growth rate of the mining industry has lagged behind the manufacturing industry and the Turkish economy, contributing a meagre 1-1.5% of GDP in recent times. With most of its trading partners located in East Asia at the time, Turkey's mineral exports suffered severely during the East Asian Crisis of 1997. However, in recent years, Turkey has seen an increase in exports and mining expansion and production. In 2009, Turkish mining exports reached US$2.4bn with minerals accounting for 2.3% of the total exports.
• In March 2009, the government introduced a series of tax benefits to encourage foreign investment into the country. New initiatives included: VAT and customs duty exemption, land concessions, interest subsidies on loans used for investment purposes, state payment of social security premiums and payroll taxes.
• Just as Turkey’s economy risks overheating, the country’s mining industry is seen easing on the 8.3% real growth rate seen in 2010 to 4.9% in 2011, when the industry will be worth US$9.17billion. With the potential to become one of the world’s leading mining sectors, Turkey continues to attract strong and consistent interest from miners. Turkey’s mining sector demonstrated considerable progress on a number of exploration and development pipeline mining projects in the second half of 2010 and the first half of 2011.
• Global companies are beginning to take a definitive interest in Turkey and as the number of international companies and JVs increase within the mining sector, so the efficiency of the previously under-developed state-run industry will improve. Up until now, Turkey has been largely unaware of its potential as a world mining leader and has not allocated sufficient funds for development. However, as the amount of private investment increases, so will the production, development and ultimately the profit of the entire industry.
• Major amendments were introduced to the Turkish Mining Law in June 2004 so as to provide foreign as well as local investors with a more investment-friendly environment. The Turkish government is now moving ahead with large-scale privatisation of mining activity in order to raise foreign investment, increase productive efficiency and optimally exploit the natural endowments. The government has sold its stake in a large number of state-owned mining operations to local as well as foreign investors. It has also been encouraging mineral exports alongside tax incentives and legal transparency. The increase of exports is a clear indication of the industry's recent growth.
• The mining industry in Turkey is expected to reach a value of US$14.17billion in 2015, after growing at an average 5.5% over 2011-2015.
MINING MARKET IN KAZAKHSTAN
• Kazakhstan is endowed with a wide range of mineral resources including coal, ferrous metals, and non-ferrous metals. Because of this mineral wealth, it has a large mining sector and more than 230 separate enterprises which produce or process coal, iron and steel, copper, lead, zinc, manganese, gold, aluminum, titanium, and many others. The sector is responsible for approximately 30% of export earnings, 16% of GDP, and 19% of industrial employment.
• In 2010, Kazakhstan ranked as the world’s 9th largest producer of coal, 8th largest in iron ore, second in manganese ore reserves. Kazakhstan boasts 30% of the worldwide chromite ore deposits. The country is also a significant producer of beryllium, tantalum, barite, cadmium and uranium among the CIS. Kazakhstan is paying particular attention to developing its gold mining (ranked 10th globally) and uranium mining (25% of world reserves) as commodity prices rise, and will need to attract foreign investment in order to expand current production.
• Much of the technology and management practices of this industry date from the Soviet times, which has hampered foreign sales. However, Kazakhstan remains an attractive market for foreign mining equipment/machinery suppliers. Among the best sales prospects and services are diamond drilling contractors and service providers that perform geological, geochemical and geophysical surveying; equipment involved in bulk sampling such as a processing plant; small aircraft; fuel supplies; and geological supplies like sample bags.
The Ministry of Economic Development and Innovation has booked 40 sq. m. of space that will be part of the Canada pavilion.
The booth will have an open concept layout to accommodate up to 7 Ontario companies. Each company will have approximately 6 sq. m. (incl. shared meeting space) of fully-furnished space at a reduced cost.
An individual exhibitor’s display area will be furnished with one information counter featuring a company’s name and logo, one bar stool, literature rack, one poster panel (with one poster produced at no additional charge), and one electrical outlet. Tables and chairs will be available in the shared area to accommodate visitors.
Draft 3D renderings will be provided shortly.
The mission fee per company is C$ 700.00 which will include:
• 6 sq. m. of fully equipped space within the Ontario/Canada stand
• Mining Turkey 2012 catalogue listing
• Mission directory listing
• Corporate signage (incl. logo and 1 poster)
• Networking reception in Istanbul
• Business mission program in Kazakhstan
• On-the ground transportation associated with official mission business in Istanbul and Kazakhstan
Registration deadline is August 3. Space within the booth will be distributed on a first-come, first-served basis.
Your cheque in the amount of $ 700 should be made payable to:
Minister of Finance with the reference “Ontario Mining Mission to Mining Turkey 2012” and mailed as per details below:
Attn: Vitaly Paroshyn
International Trade Branch
Ministry of Economic Development and Innovation
900 Bay Street, Hearst Block, 6th Floor
EXPORT MARKET ACCESS PROGRAM
If your company has five or more employees and annual sales of $500,000 or more, you may qualify for a grant covering up to 50% of eligible costs incurred to develop export sales in a new market. These eligible costs include mission participation fee, international airfare, hotel accommodation, and marketing material. For more information, please visit the Export Market Access program website.
Visa requirements for Turkey
Canadian ordinary (personal) passport holders require a visa for Turkey. The visa can be obtained either from this Embassy or before entering Turkey (at the point of entry) if the purpose of the trip is pleasure, business or attending a meeting. (Holders of Canadian official passports can obtain their visa only from the Embassy.)
For more information, please refer to the website of the Embassy of the Republic of Turkey.
Visa Requirements for Kazakhstan
For visa information, please visit the website of the Embassy of Kazakhstan in Ottawa.
Transportation will be provided to the delegation for official mission activities in Istanbul.
On-the-ground transportation will be provided to the Ontario delegation in outreach locations in Kazakhstan.
A block of rooms has been reserved at Hilton Istanbul at the Canadian Consulate rate of TL 400 (EUR 180 + 8%VAT (incl. breakfast).
Rooms will be reserved in outreach locations at the Canadian Embassy rates.
Mission participants are responsible for their own hotel/meal/other expenses.
For further information, please contact Vitaly Paroshyn at (416)314-0915 or/and by e-mail at email@example.com.