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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