Kosovo assembly to deal with Trepča
Priština daily Koha Ditore says a new draft resolution for Trepča mining complex will be sent to the assembly next week.
Thursday, 18.10.2007.
12:54
Pristina daily Koha Ditore says a new draft resolution for Trepca mining complex will be sent to the assembly next week. This has been announced by the representatives of the province's Assembly Committee for Economy, Trade, Energy, Transport and Telecommunication. Kosovo assembly to deal with Trepca According to Bajrush Xhemajli, member of this committee, the previous draft resolution, which proposed the transformation of Trepca into a Publicly Owned Enterprise, has not been sent to the assembly for voting because of objections from the Kosovo Trust Agency, UNMIK Pillar IV, SRSG (head of UNMIK Mission), USAID and the U.S. Office in Pristina. They had requested from the assembly committee to wait until the SRSG changes the Regulation 2005/48 so as to authorize him to privatize Trepca through an administrator. The heads of the assembly committee for economy claim that the strategy of the Ministry for Energy and Mines (MEM) for Trepca does not exclude the possibility of privatizing natural and mineral resources of Kosovo, thus cannot serve as a basis for a final decision on Trepca’s status. The Managing Director of Trepca South, Nazmi Mikullovci, was quoted as saying that the selection of a Trepca administrator has failed and it is crucial for the mine to pay back its debts to the creditors, to avoid the risk of confiscation of its goods. Based on the estimations of MEM, the value of mineral assets of Trepca reaches the amount of EUR 9.8bn, while the exploitation of these goods would generate an annual income of EUR 500mn.
Kosovo assembly to deal with Trepča
According to Bajrush Xhemajli, member of this committee, the previous draft resolution, which proposed the transformation of Trepča into a Publicly Owned Enterprise, has not been sent to the assembly for voting because of objections from the Kosovo Trust Agency, UNMIK Pillar IV, SRSG (head of UNMIK Mission), USAID and the U.S. Office in Priština.They had requested from the assembly committee to wait until the SRSG changes the Regulation 2005/48 so as to authorize him to privatize Trepča through an administrator.
The heads of the assembly committee for economy claim that the strategy of the Ministry for Energy and Mines (MEM) for Trepča does not exclude the possibility of privatizing natural and mineral resources of Kosovo, thus cannot serve as a basis for a final decision on Trepča’s status.
The Managing Director of Trepča South, Nazmi Mikullovci, was quoted as saying that the selection of a Trepča administrator has failed and it is crucial for the mine to pay back its debts to the creditors, to avoid the risk of confiscation of its goods.
Based on the estimations of MEM, the value of mineral assets of Trepča reaches the amount of EUR 9.8bn, while the exploitation of these goods would generate an annual income of EUR 500mn.
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