Şamlı Iron Ore Mine is located in the 20 km North of Balıkesir.

2 million tonnes of iron ore has been produced from Şamlı Iron Ore Mine, which has been operating since 1973. The remaining iron ore reserve of the mine is 2 million tonnes, and it has 57% iron (Fe) content.

Production capacity of the mine, with magnetite being the major ore is 200k ton per annum.