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, o...
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| Language: | English |
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World Bank
2012
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| 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 http://hdl.handle.net/10986/3080 |
| Summary: | 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. |
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