ECIKS Forum Index ECIKS Forum Index
ECIKS
ECIKS Shqip ECIKS Shqip - Fillimi   ECIKS English ECIKS English - Home   FAQ  FAQ   Search  Search   Memberlist  Memberlist   Usergroups  Usergroups
Register  ::  Log in Log in to check your private messages


Post new topic  Reply to topic
 US copper giant to invest € 500 million in Kosovo « View previous topic :: View next topic » 
Author Message
Gita
PostPosted: 25 Nov 2005 11:14    Post subject: US copper giant to invest € 500 million in Kosovo Reply with quote



Joined: 16 Nov 2005
Posts: 1

US copper giant to invest € 500 million in Kosovo

Vienna, Nov. 25, 2005 - The world's biggest copper producer, Phelps Dodge, has won a license to dig in Kosovo, the first such project in the UN-run province, the UN Mission (UNMIK) said.

Phelps was granted the exploration license for north-eastern Kosovo by the Independent Commission for Mines and Minerals (ICMM), which is jointly run by international and local officials in Kosovo.

Until now, no companies have mined for copper in Kosovo, but authorities have issued about 60 licenses since April, and the province is believed to contain a minimum of 13.5 billion euros (16 billion dollars) worth of minerals and metals, including copper, zinc and lead.

Phelps Dodge and its two divisions, Phelps Dodge Mining and Phelps Dodge Industries employ more than 15,500 people worldwide, said it was "prepared to directly invest some 500 million euros in Kosovo, should the deposit reveal itself substantial enough to warrant a mega-mine."

UNMIK noted that "the exploration license specifies that work must be started within 90 days."

ICMM official Alexander Valenta called the contract a "major development and the first of its kind in Kosovo”.

"For years, we have suspected that the region was rich in copper resources," Valenta said.

He added that several other major mining firms "have expressed definite interest in Kosovo's copper and other resources and more interest is expected over coming months."

The UNMIK announcement came three days after UN special envoy Martti Ahtisari, charged with leading negotiations on the status of Kosovo, launched initial talks and shuttle diplomacy between Belgrade and Pristina. Source: AFP

ECIKS

https://eciks.org/english/lajme.php?action=total_news&main_id=269

.
Back to top
View user's profile Send private message
stealth
PostPosted: 26 Nov 2005 11:10    Post subject: hmmm Reply with quote



Joined: 17 Nov 2005
Posts: 2

Now this is what I call an investment. It seems that the World Bank was right about mining in Kosovo, but where's the coal? Is there more to come Smile
Back to top
View user's profile Send private message
Display posts from previous:   
Post new topic  Reply to topic Page 1 of 1

Jump to:  



You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum


DAJ Glass (1.0.8) template by Dustin Baccetti
EQ graphic based off of a design from www.freeclipart.nu
Powered by phpBB © 2001, 2005 phpBB Group