TTK

From Global Energy Monitor

TTK, (Türkiye Taşkömürü Kurumu or Turkey Hard Coal Enterprise) is a Turkish government-owned hard coal mining company

The company produced 714 thousand tonnes of hard coal in 2020.[1]

Background

There have been government plants to privatize TTK since 2016. The plans have meed resistance from the miners and as of 2021 TTK is still publicly owned.[2]

Coal mines

Subsidies

According to the OECD: "Production costs for hard-coal of the state-owned Turkish Hard-Coal Enterprises (TTK) averaged TRL 619 per tonne in 2013. The average selling price was only TRL 194 and the treasury compensated the loss. The support amounted to TRL 567 million in 2013." [3]

Coal Resources

Resource Details

Category Reserve Classification Quantity Units Data Year
Commercial Reserves Total Reserves (Proven and Probable) 817[1] million tonnes 2020
Commercial Resources Total Resources million tonnes

Coal Production

Coal Exports

Revenue and Profits

2020

Revenue:

Gross Profit:

2019

Revenue:

Gross Profit:

Contact

Company Website: http://www.consolenergy.com/

References

  1. 1.0 1.1 (2021) 2020 Yılı Faaliyet Raporu . Türkiye Taşkömürü Kurumu. Report.
  2. "Turkey: angry coal miners protest against privatization", industriall, 14 July 2016.
  3. "Fossil Fuel Support - TUR", OECD, accessed March 2018.