TIRANA, Feb. China’s biggest copper producer Jiangxi Copper plans to buy a 50 percent stake in Turkish Nesko Metal Sanayi Ve Ticaret Anonim Sirketi, which operates mines in Albania, through its subsidiary Beralb, the online portal of Shanghai Metals Market (SMM) has recently informed.
Jiangxi Copper will invest USD 62.4mn in the deal. The company will partner with Chinese CRM International and Beijing Metal Challenge Global Trading, which will also provide USD 1.3mn, each.
Albania-China business community is now represented by a Chamber of Commerce and Industry.
China is one of Albania’s top trade partners with trade exchanges on a constant upward trend.
Albania’s trade exchanges with China registered a considerable increase in 2013, ranking China the third most important trade partner after Italy and Greece. INSTAT data show Albania’s exports double to 11.5 billion lek (Euro 80 million) while imports slightly grew to 35 billion lek (Euro 244 million) in 2013.
Chinese company to invest in Albania mining
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