Societe Anonyme Ottomane Des Mines de Balia-Karaidin - 1920's dated French Mining Stock Certificate

Stock with strong border with large female figure in bottom left corner and railroad tracks along bottom of bond, mining car, etc. Superb!!! Available in Purple/Green or Brown/Green. Please specify color.

Founded in 1892, the Société Anonyme Ottomane des Mines de Balia-Karaïdin was established by the Ottoman Bank in collaboration with the Banque de Paris et des Pays-Bas. The company was formed to exploit lead and silver ore deposits in the Balya region of Anatolia, swiftly becoming one of the most significant mining enterprises in the Ottoman Empire. Beyond metal extraction, the firm ventured into lignite mining in Manc?l?k and achieved a notable technological milestone in 1901 by constructing Anatolia’s first thermal power plant to support its operations. Its industrial significance was further highlighted in 1908 when it became the site of the first labor strike in Turkish history.

However, the company faced severe disruptions during World War I and the subsequent Greek occupation, leading to a temporary halt in its activities. After the fall of the Ottoman Empire, it was renamed the Balia-Karaidin Turkish Mining Company in 1924, although its management remained largely French. Nevertheless, a combination of falling global raw material prices during the Great Depression and a devastating 1927 fire in its quarries resulted in a permanent decline in its operations. The company began operating at a loss in 1928, suspended all operations by 1935, and was eventually liquidated in 1940, leaving behind only the ruins of its once-vast industrial complex.