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Albanian Times, April 11, 1996
CONTENTS
[1] Albanian Elections Set for May 26
[2] Canada's NEBEX Expands Operation in Albania
[3] Tirana Seminar Discusses Legal Defense
[4] Albania Rehabilitates Power Stations
[1] Albanian Elections Set for May 26
TIRANA, April 10 - President Sali Berisha has set May 26 as general election
date, Albanian Television reported on Wednesday night. A presidential decree
confirmed the end of the parliament's term and the kick off of the election
campaign. Berisha's Democratic Party, fresh from a two-day convention,
insist the Socialists, the renamed heirs of the former communists, are
unwilling to reform and want to take the country back to old days. The
Socialist accuse the Democrats as corrupt and want them removed from power.
A law approved in December last year, bars former communist officials and
former members of secret police from power until 2002. A state commission is
scrutinizing the lists of candidates presented by the political parties to
check if they comply with the law. Leftists parties are said to be doubling
the number of listed candidates as a precaution in case some of them are
dropped out by the commission. (Albanian Times)
[2] Canada's NEBEX Expands Operation in Albania
CALGARY, April 10 - In a significant expansion of its extensive interests in
Albania, NEBEX Resources Ltd. is acquiring the 11 known copper deposits,
including four producing mines, in its 400 square kilometer Mirdita
concession where exploration drilling is underway. Brian Douglas, NEBEX
president, reports that a letter of intent covering this acquisition has
been signed with Albanian Copper Corporation, the government company
responsible for Albania's copper industry. The Albanian Geological Survey
(GJEOALBA) reports that the 11 deposits contain total reserves of 45 million
tons averaging 1.5% copper. Detailed terms are being finalized, Mr. Douglas
reported. The formal agreement will be subject to a due diligence review by
NEBEX and delivery of clear titles by Albanian Copper. The 11 VMS-type
polymetallic deposits are distributed at 1.6 to 3.2 kilometer intervals
along a 35 kilometre distance. The Albanian mining industry focused on the
copper content of these deposits which are now known to also have
substantial but undeveloped zinc and precious metal content. "In view of
their relatively close spatial distribution, this acquisition could develop
into a single mining operation comprising 11 ore bodies," Mr. Douglas noted.
"When the agreement is formally completed, NEBEX will focus its exploration
and development effort on expanding the copper, zinc, gold and silver
reserve base." The four deposits currently in production are operating at a
combined rate of less than 500 tons per day. One undeveloped deposit is
reported to contain 11 million tons grading 1.5% copper and 1.5 grams
gold/tonne. A significant zinc content was not assessed by the Albanian
authorities and the deposit is open to depth. (Courtesy of PRNewswire)
[3] Tirana Seminar Discusses Legal Defense
TIRANA, April 10 - Experts from Germany, Britain and Italy are sharing their
expertise with Albanian lawyers in a seminar on legal defense matters.
Participants pointed to a 25 year-long gap under the former communist regime
during which Albania had no defense attorneys as a serious challenge for
establishing a genuine legal defense system. The Tirana seminar is organised
by a European Council program and is aimed at offering legal rules and
practices to the Albanian lawyers. The two-day seminar ends Thursday.
(Albanian Times)
[4] Albania Rehabilitates Power Stations
Albania's hydro power system is going through a gradual rehabilitation
process supported by the Swiss and Austrian governments. Two credits have
been provided by the European Bank for Reconstruction and Development and
the Japanese fund OECF. The $60 million project began 9 months ago and will
replace outdated equipments. French experts are providing advice to the
ongoing project. Hydro-power stations are Albania's main energy source.
(Albanian Times)
The material was reprinted with permission of AlbAmerica Trade & Consulting
International. For more information on ATCI and the Albanian Times, please
Copyright (c) ATCI, 1996
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