Founded | 1952 |
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Gübretaş is a Turkish fertiliser manufacturer founded in 1952, [1] which has over 30% of the market to agriculture in Turkey. [2] It sells products such as humic acid. [3] It is now mostly an agricultural co-operative [4] but a quarter of its shares are now on the Turkish stock market, [5] and it is a BIST 30 company. [6] It is at risk from the EU Carbon Border Adjustment Mechanism. [7] Land confiscated from İpek Holding after the failed 2016 coup, containing gold reserves, was sold to Gübretaş. [8] In 2023 the mining facility was opened by President Erdoğan, [9] [10] and the company said that it aims to mine 2.5 tonnes a year in two and a half years time. [11] Gübretaş Mining is the subsidiary that will do so - and in 2023 a team of their miners supported rescuers after the 2023 Turkey–Syria earthquake. [4]