2014-Sustainable Industrial Processing Summit
SIPS 2014 Volume 7: Energy Production, Environmental & Multiscale
| Editors: | Kongoli F |
| Publisher: | Flogen Star OUTREACH |
| Publication Year: | 2014 |
| Pages: | 528 pages |
| ISBN: | 978-1-987820-09-6 |
| ISSN: | 2291-1227 (Metals and Materials Processing in a Clean Environment Series) |
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LEGAL ANALYSIS OF MINING AND MINERAL PROCESSING CONCESSION CONTRACTS IN THE EUROPEAN UNION AND IN THE REPUBLIC OF ALBANIA
Ardian Nuni1; Jordan Daci2;1UNIVERSITY OF TIRANA, Tirana, Albania; 2WISDOM UNIVERSITY, Tirana, Albania;
Type of Paper: Regular
Id Paper: 142
Topic: 8
Abstract:
Concession contracts are a legal tool suitable especially in developing countries where governments do not have the necessary economic capability to construct public works or offer necessary services to the public. At the same time, concessions may be used also for promoting economic development and making the country more accessible to foreign investments. In case of Albania, mining and mineral processing industry are among the sectors that would benefit more from concessions contracts by being more attractive to strategic investors, since the current stage of mining and mineral processing in Albania does not represent a strong competitor towards other countries having similar natural resources capacities. However, if such practices are not properly regulated by the legal framework, the public interest and fair competition might be harmed and in consequence the concession might be turned into a serious barrier for the development of these sectors. Thus, the current legal framework in Albania on concessions should be revised with the primary scope to better preserve public interest and increase the country attractiveness towards strategic investors in mining and mineral processing sectors.