Turkey’s Esan plans $43 million investment in Kosovo’s mining sector
Turkish company Esan plans to invest $43 million (40.3 million euro) in exploring and extracting lead, zinc, silver and gold from several locations in Kosovo, the economic development ministry said on Wednesday.
This investment project will create 410 jobs in Kosovo, the ministry said in a statement citing officials of the Turkish company.
According to Pristina-based media Ekonomia Online, Esan officials said the investment could reach $117 million if reserves exceed 20,000 tonnes.
Esan is present in Kosovo since 2010. In 2015 and 2016 it drilled in the Prapashtica and Bellaqica zones. Now it is interested in drilling in Karaqa and Gumnishta, in northern Kosovo, as well as in Bresalci, in the east of the country. The company expects to find lead, zinc and silver in Gumnishta, and gold and lead in Bresalci.
“We have two exploration licences and plan to continue exploration in three more zones,” Esan’s director Serpil Demirel said.
Esan, which was established in 1942, is based in Istanbul. It is one of the leading producer and exporter of feldspar, quartz, kaolin, ball clay, bentonite, halloysite, zinc and lead concentrate in Turkey. It operates nine mines in Turkey. Last year it exported mineral products worth over $200 million.
Source: seenews
Latest Posts
Popular Post
- What Are The Major Natural Resources Of Macedonia?
- Reservoir Minerals copper exploration project halted by Macedonia Gevgelija local authorities
- Turkey gold exploration project promotes AU Mariana Resources junior mining Co
- Uzbekistan completes copper mine expansion project
- Romania, Rovina gold mining project in Romania close to getting final permits
- Ariana Resources at Kiziltepe gold mine in Turkey still mining strongly with record level of ore production
- Kyrgyzstan Kumtor gold output accounted for 9.7% of country’s GDP in 2017
- $700 million invested by Vallex Group in Armenia’s mining industry over past two decades
- New Bulgaria plant for casting of iron and steel
- Macedonia Valandovo local community mobilizes against copper mine exploitation