Albania : Mining Sector Reform, Restructuring and Future Prospects

This report provides a concise overview of the current situation of the mining sector in Albania. It evaluates the major events that took place in the last two decades (especially regarding the privatization process), and examines its governance, overarching policies and its legal frameworks that have guided the sector development. Having identified the weaknesses and difficulties that the sector faces, the report then suggests an outline for a comprehensive reform program. The main findings in this regard are related to: improving sector governance; improving regulatory effectiveness; strengthening the technical capacities; addressing environmental and social legacy, and community benefit sharing issues; and sustaining sector growth through sector promotion. The report also summarizes an evaluation of the mineral legal and regulatory environment, in order to inform an overall reform strategy and to identify commodities and/or resource areas of particular interest going forward, 'low hanging fruit' that might offer new growth opportunities. The overall conclusion of the report is that sector reform should emphasize new Greenfield resource potential through generative exploration by smaller and medium-sized international 'junior' mining companies. New resource development will be undertaken within a strengthened governance framework reinforced by a competitive, transparent, stable, non-discretionary regulatory regime. Although now highly fragmented, existing operations will be improved with the introduction of new operations performing to international good practice. Additionally, the private sector should be enabled to consolidate license holdings under improved regulatory enforcement that prevents licenses being held for speculation without intention to undertake meaningful investments that will result in development.

Bibliographic Details

Main Author:	World Bank
Language:	English
Published:	World Bank 2009-06-01
Subjects:	ABANDONED MINE, ABATEMENT, ACCESS TO INFORMATION, ALLOYS, ARTISAN MINING, ARTISANAL MINERS, ARTISANAL ­ AND SMALL-SCALE MINING, ASM, AUDITS, BAUXITE, BENEFIT STREAMS, CADASTRE, CHROMIUM, CLOSURE, CLOSURE OF OPERATIONS, COAL, COAL MINES, COMMODITY PRICES, CONTRACT ENFORCEMENT, CONTRACTUAL OBLIGATIONS, COPPER, COPPER MINES, COPPER MINING, DEBT, DOLOMITE, DRILLING, ECONOMIC DEVELOPMENT, ECONOMIC GROWTH, ECONOMICS, EITI, ENVIRONMENTAL, ENVIRONMENTAL HAZARDS, ENVIRONMENTAL IMPACT, ENVIRONMENTAL IMPACT ASSESSMENT, ENVIRONMENTAL IMPACTS, ENVIRONMENTAL MANAGEMENT, ENVIRONMENTAL PROBLEMS, ENVIRONMENTAL REGULATIONS, EQUILIBRIUM, EQUIPMENT, EQUITABLE DISTRIBUTION, EXPENDITURES, EXPLOITATION, EXPLOITATION RIGHT, EXPLORATION ACTIVITIES, EXPLORATION AND MINING, EXPLORATION EXPENDITURE, EXPLORATION LICENSE, EXPLORATION LICENSES, EXTRACTIVE INDUSTRIES, EXTRACTIVE INDUSTRIES TRANSPARENCY INITIATIVE, EXTRACTIVE INDUSTRY INVESTMENTS, FERROUS METALS, FINANCIAL RESOURCES, FOREIGN CURRENCY, FOREIGN EXCHANGE, FOREIGN INVESTMENT, FOREIGN INVESTORS, GAS, GEOLOGICAL INFORMATION, GEOLOGICAL SURVEY, GEOLOGY, GOLD, GOLD AND ZINC, GOOD GOVERNANCE, HEALTH AND SAFETY, HEALTH AND SAFETY ISSUES, HOLDINGS, HUMAN RESOURCE, IMPORTS, INCOME, INDUSTRIAL MINERALS, INSURANCE, INTERNATIONAL INVESTORS, INTERNATIONAL MINING, INVESTMENT CLIMATE, INVESTMENT OPPORTUNITIES, INVESTOR INTEREST, IRON, KEY SUSTAINABILITY INDICATORS, LARGE-SCALE MINES, LARGE-SCALE MINING, LEGAL FRAMEWORKS, LEGAL OBLIGATIONS, LEGISLATION, LICENSE HOLDER, LICENSE HOLDERS, LICENSE TRANSFER, LOCAL AUTHORITIES, LOCAL ECONOMY, MARKET PRICES, METALLIC MINING, METALLURGICAL PLANTS, METALS, MINE CLOSURE, MINE CLOSURE PLAN, MINE TAILINGS, MINERAL ACTIVITIES, MINERAL CYCLE, MINERAL DEVELOPMENT, MINERAL ENCLAVES, MINERAL EXPLORATION, MINERAL INDUSTRIES, MINERAL INDUSTRY, MINERAL INVESTMENT, MINERAL LICENSE, MINERAL LICENSES, MINERAL OPERATIONS, MINERAL ORES, MINERAL POLICIES, MINERAL POLICY, MINERAL PROCESSING, MINERAL PRODUCTION, MINERAL PRODUCTS, MINERAL RENTS, MINERAL RESOURCE, MINERAL RESOURCE EXPLORATION, MINERAL RESOURCES, MINERAL RIGHTS, MINERAL ROYALTIES, MINERAL SECTOR, MINERAL SPECIFIC, MINES, MINING ACTIVITIES, MINING ACTIVITY, MINING COMPANIES, MINING COMPANY, MINING ENTERPRISES, MINING FISCAL REGIME, MINING INDUSTRIES, MINING INDUSTRY, MINING INVESTMENT, MINING INVESTORS, MINING LAW, MINING LAW REFORM, MINING LEGISLATION, MINING LICENSES, MINING MINISTRY, MINING OPERATION, MINING OPERATIONS, MINING OPERATOR, MINING POLICY, MINING PROJECTS, MINING REGULATION, MINING REGULATIONS, MINING RIGHTS, MINING ROYALTIES, MINING SECTOR, MINING SECTOR DEVELOPMENT, MINING SECTOR POLICY, MINING SECTOR REFORM, MINING SECTOR REFORMS, MULTIPLIERS, NATURAL RESOURCES, NICKEL, OCCUPATIONAL HEALTH, OCCUPATIONAL HEALTH AND SAFETY, OIL, OLD MINES, ORE RESERVES, ORES, PAYMENTS OF ROYALTIES, PLATINUM, POLLUTION, POST CLOSURE, POST-CLOSURE, POST-CLOSURE MONITORING, POTENTIAL INVESTOR, POTENTIAL INVESTORS, PRECIOUS METALS, PRECIPITATION, PRIVATIZATION, PRODUCERS, PRODUCTION COSTS, PRODUCTION PATTERNS, PROSPECTING, RECLAMATION, RECYCLING, REGULATORY FRAMEWORK, REGULATORY FRAMEWORKS, REMITTANCES, RENEWABLE RESOURCES, RESOLUTION MECHANISMS, RESOLUTION OF DISPUTES, RESOURCE CURSE, RESOURCE RENTS, RESOURCE USE, REVENUE COLLECTION, REVENUE MANAGEMENT, REVENUE TRANSPARENCY, REVOCATION OF LICENSES, ROYALTY PAYMENTS, SAFETY REGULATIONS, SALT, SMALL DEPOSITS, SMALL MINES, SMALL SCALE, SMALL SCALE MINING, SMALL SCALE MINING SECTOR, SMALL-SCALE, SMALL-SCALE MINES, SMALL-SCALE MINING, SMALL-SCALE MINING SECTOR, SMELTER, SOCIAL MITIGATION, SOLID MINERALS, STATE-OWNED MINES, STEEL, STOCK EXCHANGE, STOCK EXCHANGES, SUBSIDENCE, SUSTAINABILITY, SUSTAINABLE DEVELOPMENT, TAXATION, TITANIUM, TRANSPARENCY AND ACCOUNTABILITY,
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20090721002237 https://hdl.handle.net/10986/3080
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