Large mineral reserves exist in Albania and Kosovo worth hundreds of billions of dollars

Online, February 3, 2010 (Newswire.com) - The price of metals was up again Tuesday, helped by the recent good news on US manufacturing and the US gross national product.
March copper was up a cent to $3.09 per pound in New York trade, while three-month contracts for the metal added $29 to $6,820 per tonne on the London Metal Exchange. price of ferro chrome is up 10% this month.

Among other base metals, zinc added about $15 to around $2,160 per tonne in London, while aluminium was up $35 to $2,120 per tonne, lead was $73 higher to $2,118 per tonne and tin and nickel each added $300 on the session, to $16,450 per tonne and $18,,300 per tonne respectively.
Precious metals were higher in New York trade as April gold added $13 to $1,118 per troy ounce, March silver was up $8 cents to $16.74 per troy ounce, and April platinum gained $39.50 to $1,578.80 per troy ounce.

Large mineral reserves exist in Albania and Kosovo worth hundreds of billions of dollars. The most significant in Kosovo is coal deposits largest in Europe, gold, silver, arsenic, thallium, bismuth and iron. types of Pb and Zn and other metals . In Albania there are large deposits of chrome ore, bauxite,copper,nickel, quartz,magnesium,cobalt. In the last two years huge explorations have taken place in Northern Albania, especially Tropoje and Kukes. According to Albanian Minerals & Bytyci Shpk engineer geologist , there have been 100 new locations of chrome ore in Tropoje. Recently huge deposits of chrome ore have been found in . Vlad, Pac, Zogaj, Kam, and Lugu i Zi.

The body of this large chrome ore extends a hundred kilometers long from Lugu i Zi, Tropoje to Vlahen, Kukes and 50 miles wide from Zogaj to Tpla,Tropoje. Albanian Minerals and Bytyci Shpk has intensified exploration and started mining in Zogaj, Pac, and Vlad. According to Italian and American engineers, working for Albanian Minerals and Bytyci Shpk this huge area from Tropoje to Kukes my have more than 500 million tons of chrome ore.

New geological surveys and chemical results done by Albanian Minerals have shown an amazing amount of minerals in Northern Albania and Kosovo. There are also large amounts of magnesium and nickel. The Albanian government has done an amazing job building roads where minerals are found. The value of already discovered minerals in Albania and Kosovo exceeds 100 billion dollars as a raw material.

Albanian Minerals in New York has increased the work done in building infrastructure and amount of money invested and is planning to triple the amount of investments in the region. We have created a partnership and joint venture with the worlds largest business to business marketing companies. The potential in minerals in Albania and Kosovo is more than anyone has ever imagined.This would create a powerful economic growth in Albania, Kosovo and the entire Balkans.

Globally, about 60 per cent of steel is consumed by the US, Europe and China. The recent recovery in industrial activities of these countries is some good news for the sector. This is also evident from the increase in steel production from the lows of last year. "Globally, the demand has improved partly due to the fact that most of the inventories were depleted and people are once again buying to build their inventories led by marginal recovery seen in the end user industries.