100 Million Dollars Investment For Mining In Albania And Kosovo

Online, August 19, 2010 (Newswire.com) - Huge investments are underway in the mining sector in Albania and Kosovo. Albanian Minerals & Bytyci SHPK is planning to invest 100 million dollars in 5 years in Albania and Kosovo. Albanian Minerals have higher sub contractor companies Ferromet and NJC to build infrastructure and mine in the Tropoja locations. Ferromet company has already finished the road project from Zogaj to Kosovo's border, said Skender Hajredini the general director.

Ferromet is now working in the Hija e Bushit project. Italian company NJC director Fullvio Colombini said the work has stared in Pac and Vlad infrastructure and mining projects.

Albania has large deposits of minerals, chrome ore, bauxite, copper, nickel, gold, quartz, magnesium and cobalt. In the last two years huge explorations have taken place in Northern Albania, Tropoje and Kukes. According to Albanian Minerals & Bytyci Shpk engineer geologist Sherif Hasandoci and mining engineer Sami Basha, there has been discovered 200 new locations of chrome ore in Tropoje.

Recently huge deposits of chrome ore have been found in Vlad, Pac, Zogaj, Kam, Dege and Lugu i Zi. The body of this large chrome ore extends a hundred kilometers long from Lugu i Zi, Tropoje to Vlahen, Kukes.

The body of the chrome ore is 50 miles wide from Zogaj to Tpla,Tropoje. Albanian Minerals and Bytyci Shpk has intensified exploration and started mining of chrome ore in the Zogaj, Tropoje in four location.The Traverbank and Hija e Bushit, Zogaj location has one of the largest chrome ore reserves in Europe. This location is now the largest producer of chrome ore in Albania. The mining has also started in Pac and Vlad where there are large deposits of chrome ore .

Albanian Minerals has increased the work done in building infrastructure and amount of money invested. Albanian Minerals is planning to invest 100 million dollars in the region. The District of Tropoja which used to have the largest unemployment rate in Europe now Tropoja has the best payed jobs in Albania. Albanian Minerals President Sahit Muja stated that his goal is to employ everyone looking for jobs in Tropoje, Albania.

Mr.Sahit Muja said "The Albanian economy has done very well under Prime Minister Sali Berisha, and government policy has been key. Billions of dollars are currently being invested in all sectors. Emphasis is also being placed on alternative energy sources such as hydro power, wind and solar".

Mr.Berisha has doubled the budget, raised salaries, lifted Albanians from the poverty line and has done an amazing job on the education system. Albanian tourism and investments is flourishing. Albania recently witnessed an impressive growth in tourism this year. Foreign investments in Albania have increased 59 percent in 2009.
Albania offers the best tax system in Europe with a 10 percent flat tax rate.

Albania and Kosovo is one of the wealthiest lands in natural resources in the world. With amazing mountains, beaches, lakes, rivers, forests, and rich soil. Underneath this land lies billions of barrels of oil, natural gas, coal, gold, platinum, copper, the largest chrome reserves in Europe, bauxite, nickel, cobalt, magnesium, ores, marble, granite, coal and much more.
By Kerim Muja
Albanian Minerals
Scarsdale, New York
www.albanianminerals.com