Wednesday, July 06, 2005

18 licenses issued to mineral industries in Kosovo

"The mineral industry in Kosovo is one of the main pillars for the economic development of the country. The market value of the licensed mines is estimated at 6 billion euro," said Joachim Ruecker

Prishtina, July 6, 2005 - There will be no more obstacles to starting the work at the "Trepca" mines. After more than six years of being blocked, "Trepca" and some other mines obtained licenses from the Independent Commission for Mines and Minerals of Kosovo (ICMM).

In addition to the five "Trepca" mines, licenses have also been issued to "Ferronikeli", "Boksitet e Kosovës" in Vllojake and ten other sand and gravel exploration companies.

“This is an important day for the mineral industry of Kosovo,” said UNMIK Pillar IV Chief Joachim Ruecker. According to Ruecker, this is a big step that will move forward the revitalization of mineral sector of Kosovo. Ruecker stressed that the license for Trepca and Ferronikeli are of special importance.

“The Mineral industry in Kosovo is one of the main pillars for the economic development in Kosovo,” said Ruecker, adding that the market value of the licensed mines is estimated at 6 billion euro.

Meanwhile, the Minister of Energy and Mining, Ethem Ceku, said that the licensing of Trepca and Ferronikeli is very important for Kosovo’s Budget and its economic development. “We hope that the energy and mining industry will have a great impact on Kosovo’s economic development, on the improvement of living standards, and on Kosovo’s integration into Europe,” said Ceku.

Ceku expressed the Ministry’s gratitude to UNMIK, in particular to Ruecker for their contribution to licensing mineral industries.

Miftar Hyseni, Trepca Manager, told Koha Ditore that the Stanterg mine would be the first to start working on July 25.

The 18 licensed mines are: Belo Brdo, lead zinc mine, Leposavic/Leposaviq, Trepca Crnac, lead zinc mine, Leposavic/Leposaviq, Stanterg, lead zinc mine, Mitrovice/Mitrovica, Te Aleni, construction material, Istog/Istok, N.T.P. Guri, construction material, Istog/Istok, N.U.Sh. Ferronikel, industrial minerals, Gllogoc/Glogovac, Boksitet e Kosoves”, bauxite mines, Kline/Klina, Sh.A. Trasing, construction material, Gllogoc/Glogovac, Trepca Hajvalija, lead zinc mine, Prishtine/Pristina, Trepca Artana, lead zinc mine, Novoberde/Novo Brdo, Beta Commerc, construction material, Gjilan/Gnjilane, N.T.P. Fertaxi, construction material, Shtime/Stimlje, N.T.P.N. Fasada, construction material, Shtime/Stimlje, Graniti F, construction material, Viti/Vitina, KAG Asfalt, construction material, Prizren, N.P.P. 7 Shtatori, construction material, Kacanik, New Lepenci Sh.P.K., construction material, Kacanik, Sharr Beteiligungs GmbH, construction material/cement, Kacanik.


Chris Blaku said...

Six billion huh- hubba hubba. Prishtina and Tirana will look like Zurich in a decade.

Anonymous said...

Kosovars should not think that they troubles are over and that the economic development will just happen since they have Trepca. $6 billion is nothing more than $3,000 per person.

Chris Blaku said...

That would be if Trepca were sold now, which is unlikely. However, the wealth of the minerals, developed and undeveloped, cannot be understated.

Kosovars troubles are not over, as in any capitalist free-market economy, troubles are NEVER over. However, the economic benefits of the resources are obvious enough in Serbia's behavior towards the province. They have split stones and cut all corners in their history to maintain control of the region, and only recently, have strategically taken control, through Kosovar Serbs, the northern Mitrovica section of Kosova (the region most abundant with natural resources). If you think this is sheer coincidence, you need to learn a bit more about Serbian history.

Anonymous said...

I think Kosovars truobles just began since they are selling their companies to foreigners so even if they get Indenpendence they thin kthat all of a sudden everything pops up just like that, I don't think so!!!

Anonymous said...

Who owns the Trepca mines ???