Turkish mining companies are busy securing licenses in the Balkans region

2. November 2011. / Uncategorized

 

In the wake of the Ottoman’s advance across the Balkans, the conquerors put Serbian and Bosnian mines at the service of the empire. Centuries later, the Balkans’ mineral wealth has once again become a sought-after prize for Turkey, whose domestic mining sector is quickly expanding, but not at a rate able to meet the demand of its booming economy.

After the collapse of Yugoslavia, the region’s mines lay largely underexploited, if not abandoned, for years sometimes leading to severe environmental impacts. But the continuing stabilisation and development of the region is now paving the way for a rebirth of the local mining industry.

Turkish mining companies are busy securing licences in the region, with top officials backing their efforts, continuously travelling between Ankara and Balkan states’ capital cities. Western European countries are also vying for their share of the region’s mineral wealth, leading one slightly over-wrought Turkish columnist, Gazikent University’s political science professor Mesut ?driz, to write that control over the area’s mineral resources, particularly in Kosovo and Macedonia, risks becoming “the biggest struggle between Turkey and European powers.”

The players

In 2009, the third Balkan Mining Congress was held in Izmir, south-west of Turkey. In an early move to support their increasing ambitions over the Balkans’ mineral wealth, Turkish officials welcomed representatives of the mining sector coming from Albania, Bosnia, FYR Macedonia and Serbia.

With deposits of some 6m tonnes of chrome and copper ore, Albania is proving to be a particular favourite, and Tirana’s government is expected to tender some 150 mining licences in the coming months. “Turkey is ready to extend all kinds of support to Albania as it always does,” stated Abdullah Gl, president of Turkey, during a recent visit to his Albanian peer, Bamir Topi. Gl pointed out that the trade volume between the two countries now exceeds $350m, with nearly 100 Turkish companies investing $1.5bn in banking, telecommunication, mining, health and education areas.

Turkish mining firm Ekin Maden has strengthened its presence in the country in March of this year by signing an agreement with Canadian Tirex to commence commercial production of copper and gold from six areas of the Mirdita District. The resulting joint venture is gearing up to reach a processing capacity of 2,000 tonnes of ore per day. Tete Mining, which has been mining at the Albanian Muenella copper project since early 2000s, is developing another copper mine the Spac copper project alongside plans to open a new chromite mine. The Chinese are, inevitably involved. Kurum Energy and Sichuan Jiannanchun have agreed to jointly explore some chrome mines in order to achieve a future production of about 210,000 tonnes per year of chrome.

The Balkans’ mineral wealth is scattered over the entire region, which is home of some of the largest mineral deposits left in Europe. The Bor district in Serbia has 12m tonnes of copper and 13m ounces of gold, the Panagyurishte district of Bulgaria has 5m tonnes of copper and 7m ounces of gold, and a Tertiary belt through Serbia, Macedonia and Greece contains several major deposits including Trepcha and Sasa.

Source balkans.com

 

 

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