Home
About ECIKS
Projects
News
Investing
Publications
Services
Forum
Archives
Staff
Contact
Links

Terms of use

Shqip
English


Pages optimized
for the resolution:
1024 x 768

Programed by:


 
 
 

| All | Kosovo | Region | World |

 

Kosovo’s Ferronikeli to recommence production in 2007


Prishtinë, Oct 6, 2006 - The Kosovo mining e smelting Nickel plant Ferronikeli, bought by the British Alferon, has started operating.

Initially, the preparatory work was made: roads around the factory and damaged technology have been repaired, and destroyed machinery has been replaced.

Kostas Lamnatos, the director of the New Company Ferronikeli LLC, said that production and mining are expected to recommence next year.

"We think that February next year will be the month of our re-activation,” he said.

330 persons have already been employed, while 1,000 are to be hired in total. The director did not emphasize how much money has already been invested in Ferronikeli. He only said that their company would have to invest around €20 million within three years.

The privatization of Ferronikeli is the most important sell-off of Socially Owned Enterprises in Kosovo up to now.

Ferronikeli ore mining and metallurgical complex was set up in 1984 to produce ferronickel for exports. It produced and exported 6,800 tonnes a year of nickel, in ferronickel ingots, before the 1990s but since 1998 it has been idle.

Ferronikeli has three open pit mines: the Dushkaja mine with estimated reserves of 6.2 million tones; the Suka mine - 0.8 million tonnes and the Gllavica with 6.8 million tones.

All the mines in the complex were covered early this year with exploration and exploitation licence by the Ministry of Energy and Mining of Kosovo.

ECIKS
 
| All | Kosovo | Region | World |
 

 

| Site Map | About ECIKS | Home | Projects | News | Investing | Publications | Services |
| Contact | Staff |
Terms of use | Links |
| Archives | Albanian | English |

Copyright 2003 - 2005 @ Eciks.org
Reproduction in whole or in part without written permission is strictly prohibited.




 

Background information for foreign investors

Kosovo: General Information
Kosovo: Key economic indicators
Why do business in Kosovo?
Legal Framework in Kosovo
KTA and Privatisation in Kosovo



Latest News and Analysis

BNP Paribas Bank enters Kosovo
Kosovo to prepare for negotiations to join WTO
Kosovo: 200 million EUR investments by Telecom Slovenia
Kosovo: 2008 – the year of economy
Kosovo Government to finance the new highway



Current publications

Company Foundation, Taxes and Employment Law in Kosovo
Company Foundation and Taxes in Kosovo
Potential of economic sectors and enterprises in Kosovo
Program of Recovery and Production in Ferronikeli (in English)
Guide for starting new companies / enterprises in Kosovo (Updated version)

 


ECIKS E-Mail