Lukashenko mulls building a second nuclear power plant
North Korea rejects Belarus summit proposal, calls for clarity in relations
Belarusian blogger sets up a parody bank and token as a joke and unexpectedly becomes a millionaire
NEO: Why pick-up points for online orders are gaining popularity vs. home delivery
Trump issues anti-wind executive order
Trump warns Putin of severe economic measures without swift Ukraine peace deal
India on the brink of a new oil shock
The Bavarian branch of far-right AfD party calls for all Ukrainian refugees to be expelled from Germany
War in Ukraine started as punishment for masturbation, says Russian Orthodox Church
Russia reports successful strikes against critical Ukrainian gas and energy infrastructure
COMMENT: Europe needs to start the fightback against Trump now
Analysts expect ‘perfect storm’ of political risks in 2025
Love in the Baltics in a time of war
Emerging Europe split between eager anticipation and wary acceptance ahead of Trump inauguration
Spike in Czech beer exports to Russia highlights cracks in Moscow-bound trade and businesses
City of Budapest vows to exercise pre-emptive rights over plot for planned €5bn luxury project by UAE investor Eagle Hills
Wizz Air stops refuelling at Belgrade airport to comply with US sanctions
Hungarian rapper's video taking aim at Viktor Orban and corruption goes viral
OUTLOOK Poland 2025
Polish PPI eases decline rate to -2.6% y/y in December
Diagnostyka aims to raise €400mn with Warsaw IPO
Slovakia’s populist PM Fico faces no-confidence motion
OUTLOOK Southeastern Europe 2025
Sanctions stepped up in the Western Balkans, but with mixed results
Albania, Italy and UAE to build €1bn Adriatic subsea cable
BALKAN BLOG: Polluted Balkan capitals choke on winter smog
Bulgaria’s ruling coalition rejects central bank law changes putting eurozone entry at risk
Croatian robot boat to tackle microplastics in the Adriatic
Kosovo shuts down Serbian parallel institutions, escalating tensions with Belgrade ahead of elections
Moldovagaz’s head says $709mn debt to Gazprom close to being settled
Leader of Moldova’s separatist Transnistria flies to Moscow to settle energy crisis
Russian presidential adviser warns Moldova may “cease to exist”
Dispute with Croatia over Jadran training ship could block Montenegro’s EU entry
Lack of large deals shrinks Romania’s M&A market
ECOFIN endorses Romania’s 7-year fiscal plan
URUS-ClearPic: Across Eurasia, China is leveraging supply risk successfully – so could others
Serbian President Vucic wants to introduce flying cars by 2027
Turkey's M&A volume up 35% y/y to $10bn in 2024 says KPMG
66 dead as fire engulfs ski resort hotel in Turkey
COMMENT: With Trump back in the White House, Europe may need to turn to Turkey to strengthen its security
PANNIER: Tajikistan, Taliban tone down the hostile rhetoric
Central Asia emerges as new e-commerce hub
Growing Islamic finance in Central Asia to unlock GCC investment
CSTO states express serious concern over terrorist threat in Afghanistan
Russia and Armenia seek to ease strained relations
New US strategic partnership could be revolutionary for Armenia
COMMENT: Armenia makes a strategic turn from Russia towards the West
Armenian prime minister discusses EU membership plans with European Council president
Saving the Caspian Sea for Central Asia and Kazakhstan
Fatal road accident triggers widespread protests in Azerbaijan
Gas exports to Europe to boost Azerbaijan's growth over next decade
Georgians celebrate US friendship in Tbilisi while former president Zourabichvili attends Trump inauguration
Two abducted in central Tbilisi following ‘anti-mask law’ protest
Thousands of Georgians walk out of work in three-hour "warning" strike
Georgians still resisting: the view from Rustaveli
China’s satellite internet provider Spacesail sets up in Kazakhstan
Kazakh central bank’s dollar sales to mirror gold purchases
National security chief rows back on comments he decided to assassinate Kyrgyzstan’s top mobster
OUTLOOK Small Stans & Mongolia 2025
Angry Mongolians take to streets in public backlash over taxes and smog
Mongolia revives traditional "Ghengis Khan" script bichig
EBRD delivers 26% expansion in investments in 2024, commits record €16.6bn across economies
Iran, Tajikistan sign 23 cooperation agreements in landmark visit
A tale of two Tajikistans: the macro and micro realities
Football talent Khusanov poised to become first Uzbek to play in English Premier League after Man City signing
Uzbekistan privatises HUMO, Paynet succeeds with $65mn bid
Sanctioned Russian cargo ship sinks in Mediterranean after explosion
Russia's budget oil breakeven price world’s second lowest as oil revenues recover
Southeast European countries look to Algeria to diversify energy supplies
Slovenia turns back to Algerian gas after flirtation with Russian supplies
IEA: Access to energy improving worldwide, driven by renewables
The hurricane season in 2024 was weird
Global warming will increase crop yields in Global North, but reduce them in Global South
Hundreds of millions on verge of starvation, billions more undernourished as Climate Crisis droughts take their toll
Global access to energy starts to fall for the first time in a decade, says IEA
Saudi Arabia hosts kingdom's first Africa summit, to boost ties, promote stability
Putin at 2023 Africa-Russia summit: Wiping debts, donating grain and boosting co-operation
Botswana throws the diamond industry a lifeline
Nelson Mandela worried about natural diamonds, Leonardo di Caprio defended them, makers of lab-grown stones demonise them
Botswana’s 2,492-carat diamond discovery is golden opportunity to replicate legendary Jonker diamond's global legacy
Kamikaze marketing: how the natural diamond industry could have reacted to the lab-grown threat
Russia’s Rosatom to support nuclear projects across Africa at AEW2024
JPMorgan, Chase and HSBC reportedly unwittingly processed payments for Wagner warlord Prigozhin
Burkina Faso the latest African country to enter nuclear power plant construction talks with Russia
IMF: China’s slowdown will hit sub-Saharan growth
Moscow unlikely to give up Niger toehold as threat of ECOWAS military action looms
CAR mercenary becomes first African to die in Ukraine conflict
Overcoming insecurity to unlock the Central African Republic’s mineral riches
Rain, rain go away
Africa, Asia most people living in extreme poverty
10 African countries to experience world’s fastest population growth to 2100
EM winners and losers from the global green transformation
Russia seeks to expand its nuclear energy dominance with new international projects
EBRD warns of risks for emerging markets pursuing industrial policies
Russia blocks UN Security Council resolution on Sudan humanitarian crisis
G20 summit wraps up with a joint statement strong on sentiment, but short on specifics
SDS storms fed by sand and dust equal in weight to 350 Great Pyramids of Giza, says UNCCD
Southern Africa has 'enormous' potential for green hydrogen production, study finds
Malaysia seeks BRICS membership
Kazakhstan has no plans to join BRICS, says Astana
Sri Lanka to apply for BRICS membership
From oil to minerals: Gabon’s ambitious mining transition
How France is losing Africa
Guinea grants final approvals to Rio Tinto for $11.6bn Simandou iron-ore project
Mixing with the running stars at Kenya’s Home of Champions high altitude training camp
Kenya’s untapped mineral wealth holds the promise of economic transformation
US adds 17 Liberian-flagged bulk carriers and oil tankers to Russian sanctions-busting blacklist
Panama and Liberia vying for largest maritime registry
Force majeure at Libya’s Zawiya Refinery threatens exports and oil expansion plans
Russia, facing loss of Syrian base for Africa operations, seen turning to war-torn Sudan or divided Libya
Libya’s mineral riches: unlocking a future beyond oil
Russia funding war in Ukraine via illegal gold mining in Africa – WGC report
Ukraine claims it was behind massacre of Wagner Group mercenaries in Mali
Can Morocco's phosphate wealth put it at the centre of the global battery supply chain?
Hajj aftermath: deaths, disappearances and detentions spark investigations across world
Sri Lanka's LTL Holdings targets African power sector
Russia's nuclear diplomacy binding emerging markets to the Kremlin
Can Niger's military junta seize the country's uranium opportunity?
Disaster season: heat waves sweep the world – in charts and maps
More than 5,000 Nigerian women trapped in Iraq
Niger and beyond: Francophone credit delivers coup de grâce
EBRD 2023: Bank to expand into the whole of Africa plus Iraq
Global coal trade approaches its peak
The world has passed peak per capital CO₂ emissions, but overall emissions are still rising
Trump threatens BRICS with tariffs if they dump the dollar
SITREP: Middle East rapidly destabilised by a week of missile strikes
Colombian mercenaries trapped in Sudan’s conflict
Air France diverts Red Sea flights after crew spots 'luminous object'
COMMENT: Tunisia on the brink of collapse
Tunisian President Kais Saied re-elected for second term
WHO declares "global public health emergency" owing to mpox outbreak in Central Africa, new virus strain
Climate crisis-driven global food security deteriorated between 2019 and 2022 and is even affecting the US
Cost of repairing Syria’s power infrastructure put at $40bn by electricity minister
Indian banks' profitability to moderate in FY26
Former chief of the Bank of Japan sees more rate hikes on the horizon
China-Kyrgyzstan-Uzbekistan railway officially launched, but sidetracked at least until summer
Is China ready for Trump’s tariff threats?
INTERVIEW: REnergy Dynamics eyes 175 tonnes per day in compressed biogas projects in India
Hong Kong firm to build 150-MW wind power plant in Cambodia
Chinese power projects under CPEC leave Pakistan struggling with debt
Microsoft to invest $3bn in India
Japan’s ramen shops face crisis as rising costs push more to bankruptcy
Seoul-listed DoubleU acquires 60% stake in Turkey’s Paxie Games for $27mn
Aluminium prices dip as Trump considers 10% tariff on Chinese imports
India's Competition Commission approves major steel industry acquisition
Trump vows to block Nippon Steel's $14bn bid for US Steel
HESS: Mongolia’s unique success story between rock and a hard place at risk
Powerful earthquakes hit Taiwan, TSMC evacuates employees
COMMENT: Gulf states court Russia but stop short of strategic shift
Bahrain's security chief meets Syrian commander amid diplomatic push
Bahrain and Iran to begin talks on normalising relations
Saudi Arabia, Bahrain and Kuwait set to offer Russians visa-free entry
Iran's Hezardastan sells Android app store Café Bazaar to local Tapsell
Fighter jet crashes in Iran without casualties
Iran’s leader remains silent on Trump at Tehran industry expo
COMMENT: Trump's cryptocurrency venture sparks debate as memecoin risk data emerges
China's Shanghai SUS Environment secures $497mn contract for waste-to-energy project in Iraq
Iraq seeks Iran-backed militia disarmament in new push
ISTANBUL BLOG: “Dog bites man” story as Erdogan arrests more mayors, but there’s more here than meets the eye
IDF Chief of Staff resigns over October 7 security failure
IDF launches major operation in Jenin, four Palestinians killed
Former Jordan official foresees regional challenges under Trump
UPDATED: Hamas military leader thanks Iran, vows resistance will continue
Damascus International Airport resumes operations
Turkey, Syria tandem could mean piped Qatari gas for Europe and a supercharged Middle East clean energy transition
Qatar-Turkey-Europe gas pipeline ambition could be back on following fall of Assad
Syrian foreign ministry urges Kuwait to reopen embassy in Damascus
Kuwait greenlights tax deal with Iraq to prevent double taxation
Iran demands 'equal footing' with Kuwaiti and Saudi plans to drill for gas in Gulf
French president in Lebanon to meet the country's new leaders
ICJ's Nawaf Salam appointed as Lebanon's new Prime Minister
Lebanon faces a new phase: will Hezbollah surrender its weapons to the state?
Lebanon ends two-year void with military chief Aoun as president
US winds down Guantanamo Bay with removal of Yemenis to Oman
So you want to get on the right side of Donald Trump? Try gift-wrapping a hotel
ANALYSIS: Regional escalation on the table following Israeli strike on Iran
The world reacts to Trump 2.0
Syria seeks Qatar support in rebuilding effort as ministers meet in Doha
Saudi crown prince pledges $600bn US investment in Trump call
COMMENT: A call for stability and inclusion as Syria grapples with an extremist government challenge
New Syrian Administration seeks to rejoin Arab League
Abu Dhabi plans AI transformation across government services by 2027
Yemen launches missile at Israeli base amid US-UK airstrikes escalation
Trump's return to White House draws polarised Latin American response
Argentina announces ambitious nuclear programme linked to AI development
Latin America set for tepid growth as Trump tariff threat looms, ECLAC says
Latin America urged to boost tax take and private investment to close development gap
IMF: Breaking Latin America’s cycle of low growth and violence
COMMENT: Trump’s White House picks signal rocky start with Latin America
Latin America trapped in low growth cycle, ECLAC warns
Bolivian President Arce declares "coca is not cocaine" as country expands coca industry
Bolivia's lithium deals with Russia, China raise sovereignty concerns as state bears heavy risks
Brazil court blocks Bolsonaro from attending Trump inauguration over flight risk fears
Geothermal energy poised for major global expansion, says IEA chief Fatih Birol
Iranian influx to Venezuela via Colombia triggers regional security fears
Trump reverses Biden's Cuba terror list removal hours after taking office
Cuba prisoner release after terror delisting marks last-gasp reset in US ties before Trump return
Brutal gang violence over failed voodoo spell claims nearly 200 lives in Haiti's capital
Trump announces 25% tariffs on Mexico and Canada from February 1
EU and Mexico strike historic trade pact
Amazon Web Services to invest $5bn in Mexico digital hub push
Trump vows to “take back” Panama Canal in inauguration speech
Panama rejects Trump's military threats over canal control
Peruvian president's secret plastic surgery ignites scandal
Murder exposes secret prostitution ring in Peruvian Congress
BRICS bank chief touts Uruguay membership in Montevideo talks
Italian aid worker held without charge in Venezuela for two months
Venezuela’s Maduro sworn in for third term as international criticism mounts
Bangladesh’s BNP urges interim government to expedite elections
Bangladesh revokes former Prime Minister Hasina’s passport
Bangladesh explores tank purchase from Turkey as India receives request for Hasina’s extradition
Controversial 10-GW hydropower project in Tibet greenlit by Beijing
China's coast guard deployment raises tensions in South China Sea, Philippines protests
Balancing growth and sustainability: Southeast Asia’s energy dilemma
US imposes preliminary duties on Southeast Asian solar imports
Peru's APEC summit exposes trade tug-of-war between Beijing and Washington
Rising gold ETF inflows set to drive global bullion prices
Russian exports of diamonds to Hong Kong up 18-fold in 5M24
Authorities seize $3.8mn of meth in northeastern India
Landslide in Central Java, Indonesia claims 17 lives, nine still missing
Bali shuts down "Russian Village"
Russia backs Vietnam's bid to join BRICS
Hiroshima invites Trump to mark 80th anniversary of atomic bombing
The Philippines takes a stand against China's maritime aggression in the South China Sea
Japan establishes diplomatic mission to NATO as ties to Russia, China deteriorate
China signals willingness for dialogue with US as Beijing accepts invite to attend Trump’s inauguration
BCPG to invest $945mn in power projects, prioritising clean energy
Malaysia maintains key interest rate as economy shows resilience
Hundreds of children killed or injured in Myanmar in 2024: UNICEF
Over 120 dead as powerful tremor hits Tibet
Nepal floods - death toll rises to 209
Kolkata hospital rape and murder case sparks international outcry, raises questions
South Asia hit by floods and landslides after heavy rainfall
Trump labels North Korea a 'nuclear power' as he eyes diplomatic revival
North Korea issues warning in response to air drills with B-1B bombers
North Korea escalates tensions with ballistic missile launch ahead of Trump's inauguration
Russia’s arms exports slump, Kremlin preparing for possible war with Nato
Security personnel dead as Imran Khan’s supporters breach Islamabad lockdown
Papua New Guinea tribal conflict leaves 30 dead amid gold mine dispute
Trump to give thumbs up on expedited arms supply to Taiwan
Extreme weather surges in 2024
Kamala Harris to visit Singapore, Bahrain and Germany on final vice-presidential overseas trip
Singapore’s PacificLight Power embarks on $735mn hydrogen power plant project
Sri Lanka’s merchandise exports in October up 18.22%
Taiwan's first execution in five years sparks human rights backlash
BRICS expands membership, adding Indonesia, Malaysia, and Thailand
Absent Slovak premier traced to luxury hotel in Vietnam
German Prosecutors Confirm Termination of Money Laundering Investigation Against Alisher Usmanov
Comments by President of the Russian Fertilizers Producers Association Andrey Guryev on bilateral meeting between Indian Prime Minister Narendra Modi and Russian President Vladimir Putin
PhosAgro/UNESCO/IUPAC green chemistry research grants awarded for the 8th time to world's best young scientists
PhosAgro Tops RAEX ESG Ranking
Download the pdf version
Try PRO
High on a hillside in northern Kosovo there’s a little English village. The 1930s style houses, billiard hall and cinema wouldn’t look out of place in suburbia — if they weren’t in ruins now — and they are surrounded by bungalows that are still inhabited by the families of miners working at the huge Trepca mine nearby.
They were built at beginning of the boom decades for the mine that, with a hiatus during the Second World War, continued under socialist Yugoslavia until the 1980s. This obscure corner of northern Kosovo became the site of one of Europe’s largest mines. Yet since Kosovo’s war of independence, efforts to revive production have been patchy and largely unsuccessful.
The English architecture is a relic of the 1920s and 1930s when the Selection Trust Ltd. took over management of the mine. The British company carried out an extensive exploration programme, then secured the concession in 1926 under the leadership of American-born industrialist Sir Alfred Chester Beatty, nicknamed the ‘King of Copper’.
As well as working the mine, the British company opened one of Kosovo’s first cinemas for Trepca’s workers and introduced tennis, jazz and billiards to Kosovo.
Selection Trust was just one of many incomers to work the mine that lies on the immensely rich Vardar zone over the centuries, says Lulzim Hoti, executive director of Kosovan NGO 7Arte, who recently started leading tours to Trepca.
Trepca is Europe's largest lead-zinc and silver ore mine. The area is known to have been mined as early as Roman times — the remains of the Roman mining town of Municipium Dardanorum were found nearby — and possibly long before that.
Later came Saxons, who brought their expertise in mining and left behind a 14th century church that still stands on the hillside behind the English village. Then came the Ottomans, and the English who mined here until Yugoslavia’s conquest by the Nazis in the Second World War.
Post WW2 Trepca was nationalised and became one of the leading industries of socialist Yugoslavia. Not only were there the mines across northern Kosovo, there were also numerous industrial subsidiaries scattered over the Yugoslav federation.
“Trepca was a big institution with a lot of subsidiary companies. There were companies in [North] Macedonia, Montenegro, Zagreb … there were even buildings in Belgrade with the Trepca name. We used to say ‘Trepca digs, Belgrade grows’,” Hoti tells bne IntelliNews.
By 1985, Trepca had Europe’s biggest facility for raw lead smelting, and the fifth-largest in the world. It was also a major zinc processor. However, due to the closure of numerous mines and factories during the late 1980s and 1990s, the Trepca mining complex in Kosovo has now dwindled to only a handful of local mines and processing plants.
60 years of reserves
Despite the relative lack of activity these days, the sheer wealth of the deposit that lies under the densely wooded conical hills and deep valleys of northern Kosovo can hardly be overestimated. One study has put the value at as much as €13bn.
According to Trepca geologist Fidaim Sahiti, the main mine’s reserves amount to approximately 58mn tonnes of lead and zinc and other valuable minerals.
“It would take 60 years to take it all out even with the capacity of the Yugoslav era, when there were around 22,000 people working here,” Sahiti says.
Today, the production capacity is just a fraction of that; there are only around 1,500 workers, some of whom were just coming off their shift when we arrived at 3pm on a warm October afternoon. As the upper levels of the mine have already been exploited, miners are currently working at a depth of around 800 metres underground.
While bne IntelliNews wasn’t able to visit the underground mine, Hoti and Sahiti described it in detail. There are currently 15 levels, each around 60 metres in depth, and more than 200km of underground paths have been dug.
The museum at the mine has row after row of red display cases showing the wealth of minerals found underground. Despite being looted during the Kosovan war of independence at the end of the 1990s, it has over 2,000 rocks, more than 90% from Trepca. They include zinc, lead, silver and gold as well as lesser known minerals.
There is also a display case with the products that used to be manufactured by Trepca’s subsidiaries, that include the huge industrial park close to the nearby city of Mitrovica as well as others across former Yugoslavia.
All that changed with the breakup of Yugoslavia. Now, without investments into modern equipment, miners are drilling by hand. The ore they produce pays their salaries — an important contribution in Kosovo’s poorest city, which also had the largest number of people on benefits — and the mine recently got back into the black after many years of operating at a loss, according to Hoti. It has relied heavily on subsidies from the government over the years.
Despite the better financials, it is operating far below its potential. Among the many metals extracted here, Sahiti says, Trepca used to produce 1-2kg of gold every day.
It’s not hard to see how this scale of production could benefit Kosovo, a small landlocked country with a population of just under 1.9mn and one of the poorest in Europe. Income per capital was $5,760 in 2022, just over one tenth of the EU average of $54,249.
Not only that, but associated smelters and factories used to turn the ore both into metals and finished products such as fertilisers and batteries, which were once sold as far away as Australia, India and the US.
The vintage batteries on display in Trepca branded boxes contrast starkly with the the big jars of greyish pellets, the concentrate that the mine produces and exports today. It is sold mainly to European countries including Germany, the Netherlands and the UK.
“We are selling concentrate but it would be better to produce metals and other products in Kosovo and sell them to the world market,” says Sahiti.
“The metals are extracted but not produced here, only in concentrate. We can’t separate it because we are missing the technology. We need investment,” adds Hoti.
As new industries have been born in recent decades, there is now growing demand for some of the other metals found in Trepca, such as indium, which is used to produce mobile phones, computers and other electronics.
Former glory
Trepca’s heyday was in the Yugoslav era, when the Trepca name was seen all over Yugoslavia. Its importance was such that after the death of the Yugoslav leader Josip Broz Tito it was given the name Mitrovica e Titos in Albanian or Titova Mitrovica in Serbian.
Back then, Mitrovica was a thriving town with Albanians, Serbs and other minorities living together harmoniously. There was a vibrant music scene, partly inspired by the jazz imported by the English managers of the Trepca mine back in the 1920s and 1930s.
For those more into sports than music, the Trepca football club was founded by miners in 1932 (it split into Serb and Albanian teams after the war) and the KB Trepca basketball team was created in 1945.
But after Tito’s death, the state he built began to deteriorate. When Slobodan Milosevic came to power, he adopted Serb nationalist republic that alarmed the other ethnic groups in Yugoslavia, and increasingly removed the autonomy given to the Kosovo Albanians and other peoples. Powers were stripped from Kosovo’s capital, Pristina, and Kosovar politicians were arrested, while state workers were purged.
This led ultimately to the Trepca miners’ strike of 1989, seen as one of the decisive events precipitating the breakup of Yugoslavia.
In February 1989, workers from Trepca started a hunger strike, protesting against the abolition of Kosovo’s autonomy. Among the strikers’ demands were adherence to the 1974 constitution, an end to nationalist politics and amnesty for strike leaders.
Miners held out for eight long days in the punishing heat more than 800 metres below ground. Hundreds of miners were carried out and hospitalised, but a hard core of around 50 stuck it out to the final day. As the strike gathered international attention, the authorities in Belgrade offered a deal meeting some of the demands. But when the striking miners finally emerged from the mine, they were arrested.
Shortly afterward, the Yugoslav presidency declared a state of emergency in Kosovo and the repression of Kosovo’s Albanian majority continued. At Trepca, most ethnic Albanian miners and management staff were either fired or left in protest, while ethnic Albanians were purged from every state sector.
Hoti, a child at the time, remembers the hardship of that time for Albanians in the region. His own father was among those pushed out of their jobs. A Serbian curriculum was introduced in schools, while Albanian children studied at illicit schools set up in people’s homes.
`
The end of Yugoslavia
The strike gained rapid support in Slovenia and Croatia, where solidarity protests broke out. This contributed to the rift between the central government in Belgrade and Slovenian leaders, who declared the country independent in June 1991. After 10 days of fighting, Slovenia split from Yugoslavia.
Brutal wars followed in Bosnia and Croatia. In Kosovo, there was peaceful resistance, but also fighting between the Yugoslav army and the Kosovo Liberation Army (KLA). The Kosovo War was fought between February 1998 and June 1999, when Nato bombing of Serbia and Montenegro forced Yugoslav troops to withdraw from Kosovo.
Nine years later, in 2008, Kosovo declared its independence. After a mass exodus during the war, Kosovans gradually went back to rebuild their ruined lives. Some squatted in the old English houses above the Trepca mine, before being rehoused in a newly built block nearby.
Trepca’s subsidiaries across former Yugoslavia were among the many industrial crown jewels whose ownership became unclear. Ownership of the assets now in independent Croatia, Montenegro and North Macedonia still has to be resolved.
Serbia, meanwhile, never recognised Kosovo as an independent country. Belgrade is vocal in its insistence of protecting the rights of the Serbs that are concentrated in northern Kosovo as well as religious sites in the region. Moreover, neither Belgrade nor Pristina also wants to give up the vast mineral wealth that lies beneath northern Kosovo. That goes beyond the known reserves in the main Trepca mine. Sahiti says he believes there are “probably two or three more Trepcas” in the area that could be found in future.
Investment has been hindered both by Kosovo’s lack of financial resources and by the political instability in the region. Hopes of a breakthrough in the troubled relationship between Serbia and Kosovo earlier this year were dashed, and relations worsened with violent protests in Mitrovica in May followed by a gun battle between an armed Serb group and Kosovan law enforcers in September.
This has deterred international investors, though there has been some interest in exploration in the area. Despite the challenges and the vast need for investment, Trepca is a significant opportunity for Kosovo, where successive governments have grappled with the issue of reinvigorating production.
In 2018, the then government approved the statute for Trepca, almost two years after the major mining complex was put under government control in a bid to save it from bankruptcy. It is now 80% state owned, with the remaining 20% owned by workers.
However, efforts to change the status of the mine have drawn criticism both from workers at the mine and from the Serbian government, which contests its ownership.
Industrial legacy
As well as the mine, there is also the question of what to do with the huge industrial park in the city of Mitrovica. The gated complex is guarded, but many of its buildings are becoming derelict after being unused for years.
Looking across at the complex from the city, large tailings dumps are clearly visible, worryingly close to the main hospital on the southern, Albanian site of the divided city. They are close enough that when it’s windy the white dust swirls up across Mitrovica, joined by more dust from other nearby tailings dumps, creating a toxic chemical cocktail.
With the vast complex gradually becoming more dilapidated, Mitrovica residents are still hoping for a revival. Hoti says many of the population of Mitrovica, especially the older generations who remember the Tito era, still hark back to the prosperous golden age of the city.
“They have been waiting 23 years for Trepca to reopen as it was before,” he says, yet given the changes in technology and market demand over the last two decades, this is increasingly unfeasible.
Blendi Hasaj, executive director of the Pristina-based GAP Institute think-tank, also says a return to the old days when the Trepca industrial complex was thriving is unlikely.
“The current government has shown that Trepca remains one of their objectives, so it can become really valuable for the country and for Kosovo’s economy. Until now it has been quite heavily subsidised and we lack a clear plan on how the investments will be done and how Trepca to be restored as an economic engine for the country,” he said in an interview with bne IntelliNews.
“I have higher expectations of the growth that some exporting sectors will bring to Kosovo, such as ICT and some other manufacturing activities in the country.” He refers to the successes Kosovan companies in a range of sectors such as drinks production and mattress manufacturing have achieved.
Hoti also doesn’t believe Trepca can go back to the way it was before, which prompted 7Arte to consider other ways to revive the city.
The Mitrovica-based NGO has drawn up plans to turn the old industrial park, spanning over 100 hectares, into a social and cultural space, aimed at helping to revitalise the city. While there are numerous new residential developments going up in and around Mitrovica, Hoti says there has not been corresponding investment into the social and cultural life of the city. The plan also includes covering over the tailings dump and building a solar park.
That might finally take Mitrovica out of the limbo it has been in for the last 23 years; even the younger people who don’t remember the town in its prosperous heyday are still pinning their hopes on a return to large-scale production at Trepca. It’s not possible to go back in time, but there are still hopes of building a better future for the city.
Register here to continue reading this article and 8 more for free or purchase 12 months full website access
Register to read the bne monthly magazine for free:
Already registered
Google Captcha Failed!
Password could contain only a-z0-9\+*?[^]$(){}=!<>|:-_ characters and have 8-20 symbols length.
Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.
Forgotten password?
Email field can't be empty.
No user with this email address.
Access recovery request has expired, or you are using the wrong recovery token. Please, try again.
Access recover request has expired. Please, try again.
To continue viewing our content you need to complete the registration process.
Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.
If you have any questions please contact us at sales@intellinews.com
Sorry, but you have used all your free articles fro this month for bne IntelliNews. Subscribe to continue reading for only $119 per year.
Your subscription includes:
For the meantime we are also offering a free subscription to bne's digital weekly newspaper to subscribers to the online package.
Click here for more subscription options, including to the print version of our flagship monthly magazine:
More subscription options
Take a trial to our premium daily news service aimed at professional investors that covers the 30 countries of emerging Europe:
Get IntelliNews PRO
For any other enquiries about our products or corporate discounts please contact us at sales@intellinews.com
If you no longer wish to receive our emails, unsubscribe here.
Magazine annual electronic subscription
Website & Archive annual subscription