About Us

"Endeavor exists in every part of it."

Producing vegetable oil as one of the oldest and long-established industrial enterprises of Turkey since 1962, Altınyağ Madencilik ve Enerji Yatırımları San. ve Tic. A.Ş., has decided to exit from vegetable oil industry as the result of sector specific analysis and assessments conducted by the board of directors, and has sold all of real estate and machinery park situated at İzmir A.O.S.B., being property of our company and our associated partnership Gürtaş to Yakamoz Yağ. San. ve Tic. A.Ş. for a price in sum of 2.500.000 USD + VAT and started to continue its commercial activities in its own properties and offices situated at Çınarlı Mh. Ozan Abay Cd. No: 10 Ege Perla B Kule Kat: 12 D: 123 Konak - İzmir.

By the end of 2020, mining site of Malkara Coal Enterprise Commercial and Economic Integration with area 600.000 sqmapproximately, which has been put on sale through tender by Saving Deposit Insurance Fund Of Turkish Republic (TMSF) has been contributed into the body of our company against payment of the price in sum of 23.600.000 TRY (VAT Included).

Transfer of mining license Nr.30527 related to mining site to our company has been completed on 06.08.2021 and coal washing and enrichment plant has been purchased from the company Batı Trakya Madencilik A.Ş., from which we had been taking contracted/rental service previously, for a price in sum of 15 millionTL on 17.11.2021.

Paid up capital has been increased from 105 million TLup to 275 Million TL, thus relevant capital increase process has been completed and registered on 08.12.2021.

Associating public to its earnings and maintaining to be dealt in Stock Exchange İstanbul with ALMAD code, Altınyağ aims to enter into top 500 industrial organizations of Turkey and to a permanent player in sector. Companies Altınyağ Biodizel Petrol Ürünleri Enerji Üretim A.Ş., being subsidiaries of Altınyağ are retaining their business under the umbrella of Altınyağ.