Sahit Muja, Albanian Minerals: Large reserves of platinum and rare earth metals discovered in Tropoje, Albania.
Large reserves of platinum, rhodium, ruthenium, palladium, iridium and Osmium have being discovered in Tropoje, Albania
New chemical results have showing that chrome ore and olivine extracted by Albanian Minerals & Bytyci SHPK in Tropoje, Albania have showing huge presence of Platinum and other rare earth metals.
According to Albanian, Italian and Chinese engineers, working for Albanian Minerals and Bytyci ShPK in Tropoje, Albania area from Tropoje to Kukes my have more than 500 million tons of chrome ore and more than 2 billion tons of olivine in which platinum is 5 – 7 grama present per ton. This gigantic of body of ore is one of the largest in the world. Recently huge deposits of chrome ore olivine and magnesium ore have been found in Vlad, Pac, Corraj, Zogaj, Kam, Kepenek, Zherke, Stoberde, Rrogam, Luzhe, Berishe, Lugu i Zi, Dege and Tpla .
The body of this large ore extends a hundred kilometers long from Lugu i Zi, Tropoje to Vlahen, Kukes and 50 miles wide from Zogaj to Tpla,Tropoje. Albanian Minerals and Bytyci Shpk has intensified exploration and started mining in Zogaj, Pac, and Vlad.
New geological surveys and chemical results done by Albanian Minerals have shown an amazing amount of minerals in Northern Albania and Kosovo. There are also large amounts of magnesium and nickel in the Kukes region.
Albanian Minerals and Bytyci SHPK has increased the work done in building infrastructure and amount of money invested and is planning to triple the amount of investments in the region in 2011. Processing of the ore through milling, flotation and smelting may take place in refineries in China at the moment for Platinum Rhodium Ruthenium Palladium Iridium Osmium.
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The metal platinum rhodium, ruthenium, palladium, iridium and Osmium is associated with minerals common to these rocks such as chromite and olivine. The platinum is well known in the production of coins and fine jewelry, and industrial uses have skyrocketed during this century, to include neurosurgical and dental apparatus, drugs for cancer treatment, computer and automotive equipment. In fact, one of every five goods manufactured either contains or is produced using platinum.
Platinum is considered a strategic metal by the U.S. Government due to its role in the defense, medical and telecommunications industries, Platinum is even stockpiled by the government for possible defense emergencies. One of its most essential uses, however, is in auto catalytic converters. Within auto catalysts, platinum converts harmful emissions into carbon dioxide and water. About 140 tons of pure platinum mined per year worldwide; The 95% of the world supply is produced by South Africa and Russia. Tropoje, Albania may poses one of the largest platinum reserves in the world. Large mineral reserves exist in Albania and Kosovo worth hundreds of billions of dollars. The most significant in Kosovo is coal deposits largest in Europe, gold, silver, arsenic, thallium, bismuth and iron. types of Pb and Zn and other metals .
In Albania there are large deposits of chrome ore, bauxite,copper,nickel, quartz,magnesium,cobalt and uranium. According to Italian and Chinese engineers, working for Albanian Minerals and Bytyci ShPK in Tropoje, Albania area from Tropoje to Kukes my have more than 500 million tons of chrome ore and more than 2 billion tons of olivine. New geological surveys and chemical results done by Albanian Minerals have shown an amazing amount of minerals in Northern Albania and Kosovo. There are also large amounts of magnesium and nickel in the region.
Albanian Minerals and Bytyci SHPK has increased the work done in building infrastructure and amount of money invested and is planning to triple the amount of investments in the region in 2011.
The potential in minerals in Albania and Kosovo is more than anyone has ever imagined. Albania’s economic growth over the last four years has been higher than at any time in the last 100 years – with projected growth for 2010 the highest in the Europe – due to a series of government initiatives in recent years that have helped Albania to cope with the impact of the world recession.
The Albanian economy has done very well under Prime Minister Sali Berisha, and government policy has been key to this success. Mr Berisha has doubled the budget, raised salaries, lifted Albanians from the poverty line and done an amazing job on building infrastructure. Tourism and investments are flourishing in Albania
Albania recently witnessed an impressive growth in tourism this year.
Sahit Muja
President & CEO
Albanian Minerals
New York
