Mining & Smelting

BALFIN Group is well positioned in this industry, owning two of the most important companies in the region, AlbChrome in Albania and New Co Ferronikeli in Kosovo. Albchrome is the largest chrome mining company in the region and leading integrated producer of high quality Ferrochrome in Europe. New Co Ferronikeli is the largest exporter of Kosovo and one of the largest producers of Nickel in Europe. Vllahen Mining, established in 2018, is the holder of the mining exploitation permit for the Vllahen chrome mining facility, owned as well by BALFIN Group.


New Co Ferronikel Complex is a significant strategic asset to the Republic of Kosovo, with great importance and impact in the macro economy. The complex includes a two-line nickel production plant, as well as potentially rich mineral deposits beneath the surrounding landscape. New Co Ferronikel was built in 1984 using largely Soviet technology, but with certain elements, such as the electric furnaces, rotary kilns and casting machines, based on a Western design framework. As a certified company, with ISO 9001:2015 standards regarding the quality control and with ISO 14001:2015 standards regarding environment protection, New Co Ferronikel succeeded to pass the auditing procedure without encountering any non-conformity criterion. BALFIN Group plans to make additional investments in New Co Ferronikel, to be able to realize the full potential of the mining and smelting sectors, and increase the nickel production over 10,000 MT per annum.

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Albchrome is a leader in the mining and smelting industry in the region and one of the biggest chrome rich resource management companies in Europe. With a vast experience in production of high-quality ferrochrome, ore chrome enrichment and processing capabilities, Albchrome is the only vertical integrated producer of High Carbon Ferrochrome in Europe. Albchrome is currently the second biggest exporter in Albania. The company has undergone a complete reinvigorating investment plan, aiming to increase production through accessing new chrome ore reserves, performing improvements to technological processes, and upgrading general conditions, including health and safety conditions and parameters in all company’s assets in Bulqiza, Klos, Burrel and Elbasan. Part of Albchrome assets are the Bulqiza Mine, the Ferrochrome Smelting Plant in Burrel and Elbasan, and Klos Traverbank. The Metal Bulletin magazine has ranked Albchrome among the 5 highest quality producers of High Carbon Ferrochrome worldwide.

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