- Posted February 12, 2014 by
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Kosovo has over 2 trillion dollars worth of minerals
Sahit Muja said , Trepça, in Kosovo, has long played a key role in Yugoslavia's economic development. The mining enterprise dates back to since Roman times
Trepça, in Kosovo, has one of the world's largest reserves for lead, zinc, and silver. Trepça was the leader in Europe in the mining of lead, zinc, silver and gold.
Mr Muja added that, lignite in Kosovo has huge potential with new technology. The technology is called Transport Integrated Gasification, or TRIG, and was developed by Southern Company and KBR, .This technology converts lignite to gas at a much lower temperature than traditional coal conversion, resulting in significantly lower costs than what's possible with existing gasification technologies. The Kemper facility will employ two KBR TRIG gasifiers to produce clean coal energy.
Albanian Minerals President and CEO Sahit Muja said, Kosovo has a huge potential in natural resources, Kosovo has made astonishing progress and is fully integrated in the regional cooperation initiatives and ultimately into the European Union".
Sahit Muja said: The business environment in Kosovo has becoming the most competitive in the region.
For instance, Kosovo's tax system is excellent in both the simplicity of compliance and the low level of burden on enterprises.
Mr Muja said, "Now is the right time to invest in Kosovo. There are numerous investment opportunities in Kosovo. The business friendly environment and a very entrepreneurial people will highly contribute to any of your endeavours".
Sahit Muja said, Kosovo is one of the wealthiest lands in natural resources per square mile in Europe. With amazing mountains, rivers, forests, and rich soil. Kosovo is very rich in minerals such as lignite , coal, zinc,gold,bauxite,silver,magnesium, lead, silver, aluminum, chrome ore and much more Kosovo possesses around 15 billion tons of lignite in reserves,fifth largest lignite reserves in the world. Kosovo also possesses rich reserves of asbestos, limestone, marble and quartz.
Mr Muja said, The majority of Kosovo’s natural resources remain unused, its large reserves of natural resources worth trillions of dollars are a great potential for future economic development in Kosovo. Kosovo has one of the most open economies in the region, and continues to work with the international community on measures to improve the business environment and attract foreign investment.
Sahit Muja said: Albanian Minerals is planning to invest heavily in 2014 in mining industry in Kosovo.