MINEX Forum

Tag: limestone

  • Mining Permits in Albania Remain Stable in 2023

    Mining Permits in Albania Remain Stable in 2023

    The number of mining permits in Albania remained almost unchanged during 2023 compared to the previous year. According to data from the National Agency of Natural Resources, there were 552 active mining permits in 2023, a slight decrease from 554 in the previous year.

    Mining activity in 2023 was predominantly focused on the extraction of chrome ore, which accounted for about 43% of active permits. The latest data shows there are 236 permits for chrome extraction, unchanged from 2022. However, despite the steady number of permits, the production of chrome ore saw a decline. In 2023, about 921,000 tons of chrome were produced, approximately 12,000 tons less than the 933,000 tons produced in 2022.

    Limestone extraction was the second most significant mining activity, with 137 permits representing 25% of the total. Marbled limestone followed with 34 permits, accounting for 6.2% of the total. Combined, these three minerals constituted 75% of Albania’s mining activity. Additionally, there are 31 permits for nickel iron, 17 for copper ore, 16 for sandstone, 16 for slate limestone, and 11 for clay.

    The remaining mining activities include permits for decorative limestone, alabaster gypsum, bituminous gravel sand, and other materials, highlighting the diverse range of mineral resources being extracted in the country.

  • Creation of a cluster for the production of materials based on the limestone deposit “Baiterek”

    Creation of a cluster for the production of materials based on the limestone deposit “Baiterek”

    [vc_row][vc_column][vc_column_text]Source: Kazakh Invest[/vc_column_text][vc_raw_html]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[/vc_raw_html][vc_column_text]Products

    Annual capacity:

    • 100 thousand tons of quicklime;
    • 345.6 thousand pieces of silicate bricks;
    • 6,912 sq. m of paving and curb tiles.

    Project

    This investment project (hereinafter referred to as the “Project”) plans to create a cluster for the production of building materials based on the limestone deposit “Baiterek”, located in the Shieli district of the Kyzylorda region. The product sales market is the Republic of Kazakhstan. Target groups for the sale of products are construction organizations, enterprises of the mining and metallurgical cluster and the population of the Republic of Kazakhstan. The start of production is scheduled for the 4th quarter of 2022, and the output to the design capacity in 2029.

    Company

    The initiator is Tabigi Tas Kyzylorda LLP, whose main activity is the extraction of limestone, gypsum and chalk. The initiator has the right to extract limestone at the deposit until 2035.

    Market

    • In 2020, the indicators of global lime production reached a volume of 420 million tons, and the volume of the world market was at the level of 41.93 billion US dollars. According to Fortune Business Insights forecasts, the global lime market will grow from $42.64 billion in 2021 to $51.04 billion in 2028. The average annual growth rate of the market will be 2.6% for the period 2021-2028.

    What is the attractiveness of the project?

    • The presence of its own raw material base will reduce production costs, production costs and transportation costs, as well as ensure proper quality control of the Plant’s products. The initiator is a subsurface user on the basis of a contract for the commercial extraction of limestones at the sites of the carbonate (limestone) deposits “Baiterek 1”, “Baiterek 2”, “Baiterek 3” until 2035.
    • High quality limestone. The limestone of the Bayterek deposit contains an average of 96-98% carbonates, which makes it possible to use raw materials for the production of lime and building materials without additional expensive cleaning.
    • Stable demand for products. The volume of construction works in the Kyzylorda region shows positive dynamics (CAGR for 2016-2020 9.2%). The average volume of the construction market in the region reached 264 million US dollars for the period 2016-2020.

    Investment offer

    The Project requires financing in the amount of 8,314 thousand US dollars, including:

    • 70% (5,820 thousand US dollars) – debt financing in the presence of collateral;
    • from 30% (2,494 thousand US dollars) – investor participation.

    The proposed financing structure and measures of state support are indicative, the final structure of financing and participation in the Project will be determined based on the results of joint negotiations with the investor.

    [/vc_column_text][/vc_column][/vc_row]