NATIONAL AGENCY OF NATURAL RESOURCESNATIONAL AGENCY OF NATURAL RESOURCES

Overview, Opportunities and Legal Overview, Opportunities and Legal Framework on Mining Sector in AlbaniaFramework on Mining Sector in Albania

Tokyo, August 27, Tokyo, August 27, 20082008

MINING DEPARTMENTMINING DEPARTMENT

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Consults and collaborates with relevant government Consults and collaborates with relevant government structures, on preparing policies related to mining structures, on preparing policies related to mining sector;sector;

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Applies the governmental policies in mining sector;Applies the governmental policies in mining sector;••

Provides the technical expertise, in respect of its Provides the technical expertise, in respect of its institutional obligations, on studies and projects in institutional obligations, on studies and projects in the mining and post mining activity;the mining and post mining activity;

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Promotes mining resources, negotiates mining Promotes mining resources, negotiates mining agreements and monitors the implementation of agreements and monitors the implementation of development programs;development programs;

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Supervises mining and post mining activity.Supervises mining and post mining activity.

BRIEF HISTORY OF MINING ACTIVITY IN ALBANIABRIEF HISTORY OF MINING ACTIVITY IN ALBANIAAlbania is a very rich country in mineral resources. ExplorationAlbania is a very rich country in mineral resources. Exploration, , exploitation and processing of mineral ores constitutes in a sigexploitation and processing of mineral ores constitutes in a significant nificant activity in Albanian economy.activity in Albanian economy.In the year 1922, was compiled the Geological map of Albania, thIn the year 1922, was compiled the Geological map of Albania, the first of such e first of such maps in Balkan Peninsula. maps in Balkan Peninsula. In the year 1929, was formulated and approved the Mining Law of In the year 1929, was formulated and approved the Mining Law of Albanian Albanian Kingdom, which opened the road towards the initiation of prospecKingdom, which opened the road towards the initiation of prospectingting-- explorationexploration--mining of minerals. mining of minerals. In the years 1944In the years 1944--1994, the mining activity has been organized in the stat form 1994, the mining activity has been organized in the stat form entreprisesentreprises

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PrivatisationPrivatisation process (1994 in continuity);process (1994 in continuity);••

RestructuringRestructuring ofof statestate enterprienterprisseses in the in the chromiumchromium andand coppercopper sectorsector (1994(1994--1998);1998);

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AdministrationAdministration andand legal legal frameframeworkwork basedbased onon the the lawslaws ofof marketmarket economyeconomy ((AlbanianAlbanian MiningMining LawLaw 1994);1994);

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ConcessionConcession onon the the assetsassets ofof miningmining industryindustry (1995);(1995);••

The cThe closlosureure ofof the the nonnon--effectiveeffective minminees s andand consconseervationrvation ofof the the potentialpotential minesmines (1993 (1993 in continuityin continuity).).

ThThee procesprocesss of rof restructuringestructuring ofof miningmining activityactivity has has passepassedd throughthrough differentdifferent ssttagesages::

The main products realised by this industry during the years:The main products realised by this industry during the years:

−−

Chromium ore, 1948Chromium ore, 1948--2007: 2007: 26.8 million tons 26.8 million tons −−

Ferrochrome from 1976, about: Ferrochrome from 1976, about: 720.000 tons 720.000 tons

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Copper ore, 1938Copper ore, 1938--2007:2007: 24.4 million tons24.4 million tons−−

Coal, 1938Coal, 1938--2007: 2007: 38.7 million tons38.7 million tons

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IronIron--Nickel ore, 1962Nickel ore, 1962--2007:2007: 15.26 million tons 15.26 million tons −−

NickelNickel--Silicate ore till 2007:Silicate ore till 2007: 1.3 million tons1.3 million tons

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Gold: Gold: 0.5 tons0.5 tons−−

Silver: Silver: 2.4 tons2.4 tons

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OliviniteOlivinite:: 0.4 million tons0.4 million tons−−

Dolomite:Dolomite: 0.1 million tons0.1 million tons

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Gips:Gips: 0.3 million tons0.3 million tons−−

Salt:Salt: 1.4 million tons1.4 million tons

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PhosphoritesPhosphorites:: 1.2 million tons1.2 million tons−−

Volcanic glass:Volcanic glass: 0.3 million tons0.3 million tons

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Refined natural Refined natural bitumbitum: : 0.2 million tons0.2 million tons

Chromium ore production in yearsChromium ore production in years

Copper ore production in yearsCopper ore production in years

0

200000

400000

600000

800000

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FeFe--Ni ore production in yearsNi ore production in years

Coal production in yearsCoal production in years

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TheThe mapmap ofof AlbaniaAlbania withwith miningmining permitspermits accordingaccording to to

thethe districtsdistricts

TheThe privateprivate miningmining activityactivity in Albania in Albania startedstarted in 1995. in 1995. UpUp toto 13.12.2007, 600 13.12.2007, 600 miningmining permitspermits are are givengiven, , fromfrom whichwhich, 503 are , 503 are exploitationexploitation miningmining permitspermits. . TheThe regionsregions withwith more more miningmining permitspermits, are: , are: BulqizBulqizëë, , KrujKrujëë, , TiranTiranëë, , VlorVlorëë, , TropojTropojëë. . In the map and charts 1, 2, 3, are In the map and charts 1, 2, 3, are shown the dispersion of shown the dispersion of exploitationexploitation miningmining permitspermits, according to the kind , according to the kind of mineral, districts and years.of mineral, districts and years.

MINING PRIVATE ACTIVITY IN ALBANIAMINING PRIVATE ACTIVITY IN ALBANIA

Chart 1. Mining Permits according to the kind of mineralChart 1. Mining Permits according to the kind of mineral

12 279

1724

95

13

27

5

215

2

159

chromecopperFe-Ni, Ni-Sicoallimestonesbaoxidequartzgypsumclaysmarm.limestonesbaded limest.baded sandstoneplagiogranit

Chart 2. Mining Permits according to the districtsChart 2. Mining Permits according to the districts

3834

43

7

22

1219

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322

2113

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LQIZ

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ERSE

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VAJE

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UJE

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INI

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Chart 3. Mining Permits according to the yearsChart 3. Mining Permits according to the years

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By the approval of Concession Law in 1998, are given these By the approval of Concession Law in 1998, are given these concessions:concessions:

THE CONCESSIONSTHE CONCESSIONS

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BulqizaBulqiza Massif, to the Italian Company Massif, to the Italian Company ““DARFODARFO””, the , the Chrome Mine of Bulqiza, concentrator of it, heavyChrome Mine of Bulqiza, concentrator of it, heavy--media media suspense concentrator of Klosi, ferrochrome Plantsuspense concentrator of Klosi, ferrochrome Plant--BurrelBurrel-- Mat, Chrome Mine of Katjel, Librazhd district, Chrome Mat, Chrome Mine of Katjel, Librazhd district, Chrome Mine Pojska, Pogradec and Ferrochrome Plant in Elbasan.Mine Pojska, Pogradec and Ferrochrome Plant in Elbasan.

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The The PolymetallicPolymetallic Massif of Massif of MunellaMunella, to the Turkish , to the Turkish Company Company ““BERBER--ALBALB””..

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BitumenBitumen MMineine ofof Selenica, in the 2001Selenica, in the 2001, to the , to the FrenchFrench CCompanyompany Bitumi Selenica Bitumi Selenica sh.ash.a..

MAIN MINERALS PRODUCTIONMAIN MINERALS PRODUCTION IN 2007IN 2007

No.No. Mineral Mineral ProductionProduction ProductionProduction20062006 20072007

1.1. ChromeChrome 189 531 189 531 tonstons 325 000 325 000 tonstons2.2. ChromiumChromium ConcentrateConcentrate 2800 2800 tonstons 2 800 2 800 tonstons3.3. CopperCopper 00 100 000 100 000 tonstons4.4. CopperCopper ConcentrateConcentrate 00 16 000 16 000 tonstons5.5. FeFe--Ni Ni andand NiNi--SiSi 74 000 74 000 tonstons 370 000 370 000 tonstons6.6. CoalCoal 3 800 3 800 tonstons 4000 4000 tonstons7.7. LimestonesLimestones 1 344 890 m1 344 890 m33 1 600 000 m1 600 000 m33

8.8. MarbledMarbled limestoneslimestones blocksblocks 11 420 m11 420 m33 20 000 m20 000 m33

9.9. BededBeded limestoneslimestones 22 793 m22 793 m33 30 000 m30 000 m33

10.10. SandstoneSandstone in in blocksblocks andand bededbeded 3 200 m3 200 m33 10 000 m10 000 m33

11.11. ClaysClays 562 469 562 469 tonstons 800 000 800 000 tonstons12.12. GypsumGypsum 20 378 20 378 tonstons 40 000 40 000 tonstons

CHROMECHROME

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Category B+CCategory B+C11 21.8 million tons21.8 million tons••

Category CCategory C22 : : 15.1 million tons15.1 million tons

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Total: B+CTotal: B+C11 +C+C22 :: 36.9 million tons36.9 million tons

There are three main regions of Ultrabasic There are three main regions of Ultrabasic Massifs of chrome in Albania:Massifs of chrome in Albania:

Present Geologic Reserves of chrome in Present Geologic Reserves of chrome in these regions are:these regions are:

ChromeChrome’’s depositss deposits

1.1. NorthNorth--East Region (East Region (UltrabasicUltrabasic Massif Massif of of TropojaTropoja and and KukKukëëss))

2.2. Central Region (Central Region (UltrabasicUltrabasic Massif ofMassif of BulqizaBulqiza).).

3.3. SouthSouth--East Region (East Region (UltrabasicUltrabasic Massif Massif ofof ShebenikShebenik--PogradecitPogradecit))

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TropojaTropoja UltrabasicUltrabasic MassifMassifGeological reserves: 6.1 million tons x 26.48% CrGeological reserves: 6.1 million tons x 26.48% Cr22 OO33

Perspective deposits: Zogaj, VlahnPerspective deposits: Zogaj, Vlahnëë, Qaf, Qaf--PerollajPerollaj••

KukKukëëss UltrabasicUltrabasic MassifMassifGeological reservesGeological reserves : 6.8 million tons x 21.4% Cr: 6.8 million tons x 21.4% Cr22 OO33

Perspective depositsPerspective deposits : Kalimash, P: Kalimash, Pëërroi Batrrroi Batrëëss

•• BulqizaBulqiza UltrabasicUltrabasic MassifMassifGeological reservesGeological reserves : 12 million tons: 12 million tonsGeological reservesGeological reserves, more than 38% Cr, more than 38% Cr22 OO33 : 7.5 million tons: 7.5 million tonsPerspective depositsPerspective deposits: North : North BulqizaBulqiza, , QafQaf--BuallBuall, , BatBatëërr, , KrastaKrasta in in depth, depth, TheknaThekna in depth, intermediate region of in depth, intermediate region of BatBatëërr--LiqeniLiqeni SopeveSopeve--ThekThekëënn--TTëërnovrnovëë

•• ShebenikShebenik--PogradecPogradec UltrabasicUltrabasic MassifMassifGeological reservesGeological reserves: 1.2 million tons, more than 38% Cr: 1.2 million tons, more than 38% Cr22 OO33

Perspective regionsPerspective regions: : KatjelKatjel--PojskPojskëë; ; BushtricBushtricëë--PPëërroirroi GovatGovatëëss..

COPPERCOPPER

Based on the geological conditions of Based on the geological conditions of ophiolites position, their morphology, ophiolites position, their morphology, genetic and mineralogical components, genetic and mineralogical components, etc., are distinguished four main types etc., are distinguished four main types of copper deposits: of copper deposits:

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HydrothermalHydrothermal--Methasomatic and Methasomatic and VolcanogenicVolcanogenic--Sedimentary Deposits, Sedimentary Deposits, as: Munella, Qafas: Munella, Qaf--Bari, Gurthi, Rruga Bari, Gurthi, Rruga Rinise, etc.Rinise, etc.

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Main type VolcanogenicMain type Volcanogenic--HydrothermalHydrothermal-- Methasomatic Deposits, as: TuMethasomatic Deposits, as: Tuççi, i, Spaci, Derven, Paluca, etc.Spaci, Derven, Paluca, etc.

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VolcanogeneVolcanogene--Sedimentary Deposits, Sedimentary Deposits, as: Munella, Gjegjan, Palaj, Karma, as: Munella, Gjegjan, Palaj, Karma, Rubik Rubik

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Metasomatic Sulphide Massif Deposits, Metasomatic Sulphide Massif Deposits, as: Kurbneshi, Golaj, Thirra, Nikoliqi, as: Kurbneshi, Golaj, Thirra, Nikoliqi, etc.etc.

CopperCopper’’s depositss deposits

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Munella Deposit,Munella Deposit,••

Lak Roshi Deposit,Lak Roshi Deposit,

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Karma Deposit,Karma Deposit,••

Perlati SouthPerlati South Deposit, Deposit,

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SpaSpaççii Deposit,Deposit,••

Bregu Geshtenjes Deposit.Bregu Geshtenjes Deposit.

The most important copper mining deposits:The most important copper mining deposits:

Geologic reserves in new deposits are about 13,4 million tons Geologic reserves in new deposits are about 13,4 million tons of 1.853% Cu, which represents about 50% of total reserves, of 1.853% Cu, which represents about 50% of total reserves, from which 8 million tons (about 30% of total and 60% of new from which 8 million tons (about 30% of total and 60% of new deposits) are located in deposits) are located in MunellaMunella deposit. deposit.

Based on the data of the Geologic Survey, the geological Based on the data of the Geologic Survey, the geological reserves of copper ores in Albania are calculated about 53 reserves of copper ores in Albania are calculated about 53 million tons of the categories B, Cmillion tons of the categories B, C11 , C, C22 and prognosis and prognosis categories, from which about 27 million tons are extractable categories, from which about 27 million tons are extractable reserves, approximately in 50 deposits. reserves, approximately in 50 deposits.

FeFe--NiNi andand NiNi--SiSi

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DevolliDevolli (Bilishti, Bitincka, etc).(Bilishti, Bitincka, etc).

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PogradecPogradec--Librazhd (Guri Kuq, Librazhd (Guri Kuq, Cervenaka, etc.), (Prrenjasi, Cervenaka, etc.), (Prrenjasi, Skroska, Xixillasi, Skroska, Xixillasi, BushtricaBushtrica).).

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Kukes (Mamez, Trull Surroj, Kukes (Mamez, Trull Surroj, Nome)Nome)The nickel ore is in form of ironThe nickel ore is in form of iron-- nickel (Pogradec, Librazhd) of a nickel (Pogradec, Librazhd) of a grade of 0.8grade of 0.8--1.1 % Ni and in form 1.1 % Ni and in form of nickelof nickel--silicate (Devoll, Kukes) silicate (Devoll, Kukes) of a grade of 1.1of a grade of 1.1––1.4 % Ni.1.4 % Ni.

FeFe--Ni and NiNi and Ni--SiSi minerals, are located minerals, are located mainly in three regionsmainly in three regions::

Deposits of FeDeposits of Fe--Ni and NiNi and Ni--SiSi

No.No. Region Region QuantityQuantity000/ton000/ton

Fe%Fe% Ni %Ni % SiOSiO22 %% Co %Co %

1.1. DevolliDevolli

Total NiTotal Ni--SiSi 52 17952 179 16.6016.60 1.201.20 35.1235.12 0.03970.0397

Total FeTotal Fe--NiNi 59 19359 193 38.6638.66 1.0741.074 12.212.2 0.0560.0562.2. KukKukëësisi

Total NiTotal Ni--SiSi 29 22129 221 21.7321.73 1.0571.057 40.1240.12 0.0530.053

Total FeTotal Fe--NiNi 65 50465 504 37.2237.22 1.0291.029 26.9326.93 0.05470.0547

3.3. LibrazhdLibrazhd--PogradecPogradec

FeFe--NiNi 105 592105 592 44.7244.72 11

Total Total FeFe--NiNi 230 000230 000

Total Total NiNi--SiSi 81 40081 400

NICKEL MINERALNICKEL MINERAL RESERVESRESERVES ACCORDING TO THE REGIONSACCORDING TO THE REGIONS

•• TiranaTirana region: region: 86% 86% ofof reservesreserves••

KorKorççaa--PogradecPogradec region: region: 10% 10% ofof reservesreserves

•• MemaliajMemaliaj region: region: 4% 4% ofof reservesreservesCCoalsoals, , generalgenerallyly,, are are ofof lignitelignite typetype,, withwith calorificcalorific analyticalanalytical valuevalue ofof 20002000--5600 5600 kcalkcal/kg (/kg (averagelyaveragely 32003200-- 3300).3300).TTheirheir calorificcalorific valuevalue in in concentratesconcentrates upup to 4500to 4500--5500 5500 kcalkcal/kg/kg..

COALCOALThe coal reserves In our countryThe coal reserves In our country are are approximately 794 million tons, approximately 794 million tons, located in three main regions:located in three main regions:

CoalCoal’’ss depositsdeposits

BITUMEN AND OTHERSBITUMEN AND OTHERSNatural bitumenNatural bitumen of high content is located in the of high content is located in the SelenicaSelenica deposit, in deposit, in VloraVlora district. The amount of geologic reserves for district. The amount of geologic reserves for SelenicaSelenica deposit deposit is calculated to be about 520 000 tons.is calculated to be about 520 000 tons.Bituminous coalBituminous coal,, is found together with the natural bitumen in the is found together with the natural bitumen in the SelenicaSelenica deposit. The reserves, according to geological workings deposit. The reserves, according to geological workings carried out, are about 3carried out, are about 3--4 million tons.4 million tons.Bituminous sandsBituminous sands (tar sands), are located in (tar sands), are located in PatosiPatosi, , TreblovaTreblova-- SelenicaSelenica, , SelishtaSelishta, , KucovaKucova, , MurriziMurrizi, , KreshpanKreshpan, , BelishovaBelishova, , GreshicaGreshica, , MakareshtiMakareshti, , ThumanThuman--MilotiMiloti, deposits. The reserves of bituminous , deposits. The reserves of bituminous sands are about 246 million tons.sands are about 246 million tons.

PEATSPEATSPeatsPeats isis anotheranother energyenergy sourcesource,, locatedlocated in the in the depositdeposit ofof MaliqMaliq. The . The reserves are reserves are 151500 millionmillion mm33, , withwith 2200 2200 kcalkcal/kg./kg. The peats could be The peats could be used as fuel but also as complex fertilizer in the agriculture. used as fuel but also as complex fertilizer in the agriculture. The characteristics of the peats:The characteristics of the peats:

-- Calorific value: Calorific value: 2960 kcal/kg2960 kcal/kg-- Moisture:Moisture: 11%11%-- Volatiles:Volatiles: 39%39%-- SulphurSulphur content:content: 1.1%1.1%

NONNON--METALLIFEROUS MINERALSMETALLIFEROUS MINERALS

Albania is a rich country on the Albania is a rich country on the industrial minerals (nonindustrial minerals (non-- metalliferousmetalliferous). They constitute a ). They constitute a great wealth of the country.great wealth of the country.Each nonEach non--metalliferousmetalliferous mineral has mineral has its particular importance. The most its particular importance. The most important minerals are:important minerals are:limestoneslimestones and dolomites, clays, and dolomites, clays, gypsums and anhydrites, all types gypsums and anhydrites, all types of decorative stones, basalts, etc., of decorative stones, basalts, etc., including and including and olivinitesolivinites, , kaolinskaolins, , volcanic glass, granites, volcanic glass, granites, phosphoritesphosphorites, etc., etc.

Deposits of nonDeposits of non--metalliferousmetalliferous mineralsminerals

NONNON--METALLIFEROUS MINERALS DEPOSITSMETALLIFEROUS MINERALS DEPOSITS

No.No. MineralsMineralsGeologic ReservesGeologic Reserves

Region and depositRegion and depositQuantity,Quantity, Million Million tonstons

Quality,Quality, %%

11 22 33 44 55I.1,2I.1,2 Limestones Limestones

DolomitesDolomites655655 CaO 50CaO 50--5555

CaO 30CaO 30--3434 MgO 18MgO 18--2121

Kukes, Tropoje, Peshkopi, Shkoder, Kukes, Tropoje, Peshkopi, Shkoder, Puke, Mirdite, Lezhe, Burrel, Kurbin, Puke, Mirdite, Lezhe, Burrel, Kurbin, Kruje, Tirane, Elbasan, Berat, Korce, Kruje, Tirane, Elbasan, Berat, Korce, Vlore, Permet, Kolonje, Gjirokater, Vlore, Permet, Kolonje, Gjirokater, Sarande.Sarande.

I.3I.3 Carbonatic Carbonatic Decorative Decorative StonesStones

700700 CaO 50CaO 50 Sarande, Vlore, Lushnje, Peshkopi, Sarande, Vlore, Lushnje, Peshkopi, Kukes, Tropoje, Burrel, Kurbin, Kruje, Kukes, Tropoje, Burrel, Kurbin, Kruje, Tirane, Berat, Pogradec, Korce, Tirane, Berat, Pogradec, Korce, Gjirokaster.Gjirokaster.

IIII PhosphoritesPhosphorites 5757 PP22 OO55 1010--1515 Tepelene (Gusmar), Gjirokaster Tepelene (Gusmar), Gjirokaster (Fushe bardhe), Sarande.(Fushe bardhe), Sarande.

IIIIII ClaysClays 262262 Prrenjas, Alarup, Tamare, Diber, Prrenjas, Alarup, Tamare, Diber, Zonat bregdetare, Gropat e Zonat bregdetare, Gropat e brendeshme.brendeshme.

IVIV Silica Sands Silica Sands & Quartzites& Quartzites

200200 SiOSiO22 8080 AlAl22 OO33 1010 FeFe22 OO33 1515

Pellgu i Tiranes, i Devollit, Kukes Pellgu i Tiranes, i Devollit, Kukes (Kallabak), Tropoje (Kernaje).(Kallabak), Tropoje (Kernaje).

11 22 33 44 55VV Gypsum & Gypsum &

AnhydritesAnhydrites8585 CaSOCaSO44 2H2H22 OO

8888--9898Peshkopi (Perroi i Llixhave, Vrenjt, Peshkopi (Perroi i Llixhave, Vrenjt, Perroi i Games, Radomire), Kavaje Perroi i Games, Radomire), Kavaje (Mengaj, Tilje), Sarande (Dhrovjan).(Mengaj, Tilje), Sarande (Dhrovjan).

VIVI Rock SaltRock Salt 300300 NaCl 76NaCl 76--8282 Kavaje (Mengaj, Tilje), Sarande Kavaje (Mengaj, Tilje), Sarande (Dhrovjan).(Dhrovjan).

VIIVII RiverRiver--bed bed AggregatesAggregates

242242

VIII.1VIII.1 OlivinitesOlivinites 108108 MgO 48MgO 48 SiOSiO22 3737

Kukes (Kalimash), Tropoje (Kam, Kukes (Kalimash), Tropoje (Kam, Lugu i Zi, Vlad, Kepenek, Cabrat)., Lugu i Zi, Vlad, Kepenek, Cabrat)., Lure, Shebenik, Krrab, Valamare.Lure, Shebenik, Krrab, Valamare.

VIII.2VIII.2 Volcanic GlassVolcanic Glass 1818 Puke (Qafe Bari, Lumzi).Puke (Qafe Bari, Lumzi).

VIII.3VIII.3 MagnesitesMagnesites 11 Shkoder (Gomsiqe), Levrushk, Shkoder (Gomsiqe), Levrushk, Korthpule, massif of Bulqiza Korthpule, massif of Bulqiza (Shahinaj, Shengjun, Lucane), (Shahinaj, Shengjun, Lucane), Gramsh (Devolli basin).Gramsh (Devolli basin).

VIII.4VIII.4 GranitesGranites 7171 Puke (Levrushk), massifs of Puke (Levrushk), massifs of Trokuzit, Fierze, Radomire, Peladhi. Trokuzit, Fierze, Radomire, Peladhi.

VIII.5VIII.5 Ophiolite Ophiolite Decorative Decorative StonesStones

230230 SiOSiO22 3737--3838 MgO 8MgO 8--4747

Kukes, Puke, Mirdite, Mat, Librazhd, Kukes, Puke, Mirdite, Mat, Librazhd, Tropoje, Elbasan, Bulqize.Tropoje, Elbasan, Bulqize.

VIII.6VIII.6 BasaltsBasalts 1 0641 064 SiOSiO22 4747 AlAl22 OO33 1313

Kukes, Puke, Mirdite, Librazhd, Kukes, Puke, Mirdite, Librazhd, Korce, Kolonje.Korce, Kolonje.

MAIN DIRECTIONSMAIN DIRECTIONS OF MINING INDUSTRYOF MINING INDUSTRY DEVELOPMENTDEVELOPMENT

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The The growthgrowth ofof productionproduction ofof traditionaltraditional mineralsminerals as as chromechrome, , coppercopper, , nickelnickel andand energeticenergetic mineralsminerals, , accompaniedaccompanied withwith a a longlong--term term programmeprogramme forfor the the developmentdevelopment ofof prospectionprospection-- explorationexploration geologicgeologic workingsworkings;;

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IncreaseIncrease ofof the the processingprocessing degreedegree ofof chromechrome andand coppercopper oresores to to increaseincrease theirtheir valuesvalues andand to make them more to make them more competitivecompetitive andand suppliersupplier ofof domesticdomestic andand foreignforeign marketmarket;;

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ExtensionExtension ofof the the productionproduction andand deepdeep processingprocessing sortssorts ofof energeticenergetic mineralsminerals as, tar as, tar sandssands, , peatspeats, , highhigh qualityquality andand competitivecompetitive miningmining costcost, , etcetc..;;

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ExtensionExtension ofof the the productionproduction andand processingprocessing sortssorts ofof olivinitesolivinites, , basaltsbasalts, , decorativedecorative stonesstones, , marblesmarbles, , etcetc..;;

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Putting into economic circulation (operation) of the vanadiumPutting into economic circulation (operation) of the vanadium-- bearing potential.bearing potential.

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The mining activity is performed in accordance with The mining activity is performed in accordance with the requirements of the requirements of ““the Mining Law of Albania" the Mining Law of Albania" No.7796, No.7796, dtdt. 17.02.1994, amended by Law No.9261, . 17.02.1994, amended by Law No.9261, dtdt. 22.07.2004 and Law No.9667, . 22.07.2004 and Law No.9667, dtdt. 29.12.2007.. 29.12.2007.

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The use of any kind of explosive material during the The use of any kind of explosive material during the mining activity, is performed in accordance with the mining activity, is performed in accordance with the requirements of Law No.9126, requirements of Law No.9126, dtdt. 29.07.2003 . 29.07.2003 ““For civil For civil using of explosives in the Republic of Albaniausing of explosives in the Republic of Albania””, the , the Decision of Council of Ministers No.52, Decision of Council of Ministers No.52, dtdt. 29.01.2004 . 29.01.2004 and the Order No.1, and the Order No.1, dtdt. 12.02.2004 of the Minister of . 12.02.2004 of the Minister of Economy, Trade and Energy.Economy, Trade and Energy.

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Any kind of mining activity related to engineering, Any kind of mining activity related to engineering, assessment, consulting, monitoring, technical assessment, consulting, monitoring, technical supervision etc. is conducted through a Professional supervision etc. is conducted through a Professional Permit.Permit.

LEGAL FRAMEWORKLEGAL FRAMEWORK

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