Türkiye’de Maden Firmalarına Finansal Destek Sağlamak Amacıyla Borsaya Katılım Sürecine İlişkin Öneriler

Abstract

Mining activities a sector that requires large capital and have a big risk related to the retrun of the invested capital worldwide. Lots of large and small scale international companies continue their operations by applying new joints to the company as an alternative method in order to distribure the risks for long term investments instead of using their own equity. The method of having joint to the companies is the cheapest financing way worldwide, nowadays. This application can also be realized by selling company shares to one or more partners as public shares. So, many mining companies running the activites to meet their capital requirements by selling some portion of their shares through the public offering in a more certain manner. The evaluation of public offering of the mining firms and Toronto Stock Exchange which is one of the most important stock exchage in World, has been analyzed in this study. Toronto Stock Exchange is a stock exchange where 37% of the listing companies are mining firms and defined as a mining stock exchange in the World. Mine asset reporting standard is one of the important criteria for listing mining companies at Toronto stock or similar exchanges. It is known that, different mine asset reporting standard applications are accepted in the stock exchanges of various countries together with their own national mine asset reporting standard application. UMREK, which is the mine asset reporting standard of Turkey, has been valid in 2018. So, one of the necessary steps have been realized in order to list the domestic and foreign companies in the stock exchange of our country. An evaluation as been made for mining companies which may contribute to the strenthening of the sector in our country by participating at Borsa Istanbul (BIST) or a sub-market of BIST100 for large and small particularly small and medium scale companies within next years, in this thesis. The terms of listing a firm to Toronto Stock Exchange has been taken as a guidance. A brief information is given about how the possible Turkish Mining Exchange can be formed and the model proposal is presented with the given examples.