Albania sold largest oil reserves in Europe for $1.2 billion to US company

Sahit Muja

Sahit Muja: Albania sold largest oil reserves in Europe for $1.2 billion to US company.
Albania has sold its state-owned Albpetrol oil company for $1.1 billion to the U.S. and Singapore company Vetro Energy consortium.
Prime Minister Sali Berisha says the deal will allow Vetro Energy to explore and exploit offshore oil and gas fields, build a refinery, and transport and distribute natural gas in Albania for 25 years.
Albaniaian state-owned Albpetrol, based in Patos, Albania has six oil fields, four gas fields, and 3,000 oil wells out of which around 1,200 are in operation.

The Prime minister of Albania Sali Berisha has embraced ambitious plans to power Albania on oil, gas, coal and renewable green sources of energy.
Albania has a huge potential in oil, natural gas and renewable green energy from hydro-power, wind, solar, geothermal, and biomass. Albania has the largest proven oil reserves in Europe and large reserves of natural gas and coal.

Albania has a huge natural potential to be one of the world’s most important laboratory of green energy.
The Albanian Government has paved the way for billions of dollars to be invested in infrastructure, energy and green power projects. Prime Minister Berisha has been committed to make Albania a energy powerhouse in Europe.
Under Mr.Berisha's leadership the Albanian economy continues to grow with the best rate in Europe.
In the last 7 years under PM Berisha's leadership Albania has the world's largest increase in Tourism about 1000% .
The Albanian government is heavily investing in infrastructure, building roads and crating excellent climate for investors.
Albania has one of the lowest tax systems in the world with only a 10% flat rate.
In the political front Mr. Berisha has led Albania to become a member of NATO and approved visa liberalization with the European Union.

Albanian Minerals sees metals, minerals oil, gas, coal, green energy as an important part of their business and investment strategies.
The Hydropower Albania accounts for 90% of electricity produced while 10% is produced in small thermal power plants. .

The Albanian hydro potential is considered to currently be exploited at only 40%.
Large Hydropower projects under development. Albania has the potential to build 2000 hydro-power plants. Wind and solar energy sources have the greatest potential after hydro-power.

Albania has huge wind green energy potential from powerful winds from low sea levels to the Alps. Albania has some of the strongest winds in Europe. Albania has incredible potential in solar energy.
The Mediterranean country has one of the best numbers of the sunny days in the world.
Sahit Muja
New York

Romney's plan for U.S energy independence is 100% possible

 Sahit Muja

Sahit Muja: Romney's plan for U.S energy independence is 100% possible.

Republican presidential candidate Mitt Romney said he aims for the United States to become energy independent by 2020.

How is energy independence possible ?. The U.S have the world's largest  proven energy reserves. The Federal government  , Obama's administration is killing energy development with overly burdensome regulations.
New technologies have opened up massive quantities of natural gas reserves in the US . Imported oil costs seven times as much as natural gas for the same amount of energy.

American industry is in the process of converting from imported oil to natural gas.Over twenty  U.S states have been found to have natural gas reserves.
Natural gas is the cleanest carbon based energy in the world. Romney will lead America to energy independence.

We have the worlds largest energy reserves. It is time to embrace change and do what works and what is profitable.  Investing and producing more domestic energy would create good jobs and bolster are economy .

The US energy independence is very achievable when you factor in all sources; petroleum, shale oil, natural gas, methane hydrates, coal, solar, wind, hydropower, tides, nuclear power, bio-diesel and geothermal heat.

US has enormous natural gas deposits of 2,543 trillion cubic feet. At the current rates of use of 24 trillion cubic feet per year in 2012 that’s enough for more than 100 years.

The United States has the largest known deposits of oil shale in the world, according to the Bureau of Land Management and holds an estimated 2.175 trillion barrels of potentially recoverable oil.

The United States has world's largest coal reserves 238.3 billion at least a 250-year supply of coal.The United States has 30% of all the world's coal reserves.
Then there is methane hydrates a resource which US it possesses 330,000 trillion cubic feet of natural gas in its methane hydrate resource.

The US has enough methane hydrates enough to supply the country with natural gas for 15,000 years . U.S. Energy department has announced the completion of a successful, unprecedented test of technology in the North Slope of Alaska that was able to safely extract a steady flow of natural gas from methane hydrates .

The United States has 28% of all the world's coal reserves.
US is launching a new research effort to conduct a long-term production test in the Arctic as well as research to test additional technologies that could be used to locate, characterize and safely extract methane hydrates on a larger scale in the U.S. Gulf Coast.

Renewable energy sources will functionally never run out such as solar, wind, hydro-power, tides, and geothermal heat.
Due to concerns about global warming and diminishing fossil fuel supplies, renewable energy is an increasingly common and important source of energy.

The batteries they are an important way to store primary energy into a small portable form. Batteries provide power to a great many devices and vehicles.

Other major energy sources include nuclear power and living plants, which can be either burnt or converted into fuels such as bio-diesel

The US can cut 100% on its foreign oil dependence by investing in, oil, oil shale, natural gas, methane hydrates , coal, wind and solar power.

As long as we're going to use oil, natural gas, coal then we might as well work to draw it from home, or as close to it as possible . Romney will lead America to energy independence.

 Mitt Romney will make our nation much stronger by bringing back millions of energy jobs to America.

Sahit Muja
President and CEO
Albanian Minerals
New York

Albania: Gold price jumped $54.80 an ounce today

 Albanian, Illyrian Gold coin, Skenderbeu

Sahit Muja Tropoje, Albania: Gold price jumped $54.80 an ounce today. The price of gold has a huge gain Friday, gold is up $54.80, at $1,669.00 an ounce as U.S and China raised expectations that government's will take more action to help the economy.

The US Federal Reserve Chairman Ben S. Bernanke said the central bank has the ability to take additional steps to boost the economy.

“There is scope for further action by the Federal Reserve to ease financial conditions and strengthen the recovery,” Bernanke said.

Also gold gained on Friday on news that the European Central Bank is considering a new bond- buying program that could help contain borrowing costs for Spain and other debt-laden euro-zone countries.
The unrest in South African has started to affect global gold prices. South Africa is world's fifth-largest gold producer.

South Africa is famous for its gold abundance and accounting for a significant proportion of world production and reserves With the global economy and financial markets so volatile, many global investors are turning to gold as a tangible investment. Gold holds its value and provides easier liquidity than most other investments.
Gold is the answer for inflation, hyper Inflation and how to beat it. Gold is probably the safest investment that can be made in these global economic uncertain times.

There are not many other things you can invest in that shows the same level of strength as gold does.
Gold is a great way to protect your savings from inflation and make a nice profit at the same time.

Gold has traditionally always been a strong investment. The reason is that people are afraid to invest their money in currencies when the economy takes a dip.
Gold has always had value in societies for thousands of years.

Gold has a staying power that just will not quit. People continue to invest in gold, no matter how the economy is doing, which makes it a strong investment.
Currently, many people are choosing not to invest in currencies, which means they continue to purchase more and more gold. As more and more people continue to put their money into gold, this allows the overall price of gold to continue to rise.

Gold has a history of rising in value during the roughest economies. Currently, the global economy is incredibly rough and the price of gold has been shown to rise.
For the person who wants a high quality investment that will always stand the test of time, gold is the perfect answer.
Even when the economy is doing well, this gold investment just never quits and always has a high value.

Gold is one of those few high-quality investments that is a smart option for any investor. As my grandfather always said in Tropoje, Albania. "You need a gold as a safe haven"
Albanian Minerals is investing in gold mining industry.

Sahit Muja
President and CEO
Albanian Minerals
New York 

China imported a record volumes of oil, natural gas and minerals in July

 Sahit Muja

Sahit Muja, Tropoje, Albania: China imported a record volumes of oil, natural gas and minerals in July.

China bought record volumes of oil, natural gas, coal, copper, aluminum, gold, ferrochrome, chrome ore, platinum, nickel and iron ore in July, 2012.

China has become the engine of the world's economy. China take advantage of the lower commodity and mineral prices and bought record volumes.

China has been the fastest growing economy in the world over almost three decades, expanding at 10 percent average each year.
The world’s fastest-growing major economy is hungry for land, food, minerals, energy, and all other natural resources.

Hundreds of billions of dollars are invested presently by China in natural resources in Africa, Australia, Brazil, Russia, Iraq, Iran, Albania, Afghanistan, Qatar, Europe, Canada, East Asia, and U.S.

China's chrome ore imports surged in July to their highest ever,  imports of chrome ore and concentrate totaled 905204 tonnes
China imported 57.87 million mt of iron ore in July, up 6% year on year, latest General Administration of Customs of China data.

China's nickel ore imports rose 3.5% month-on-month in July and refined copper imports in July rose 1.7% on month and 30.9% on year to 254,339 metric tons.
China imported 24.27 million mt of coal in July, up 14.2% year on year and platinum imports are up 100%  in July compared to July 2011.

China's total natural gas imports in July rose 28.2% year on year, China imported 68 tons of gold from Hong Kong in July, up 172% on the year.
China imported 24.27 million mt of coal in July, up 14.2% year on year, China's crude oil imports in July rose 12.4% year on year.

A plunge in  prices in metals, oil, natural gas, mean a huge advantage for China's economy.
China is world's largest consumer and importer  of oil, coal, copper, aluminum, gold, ferrochrome, chrome ore, platinum, nickel and iron ore.

Albanian Minerals have gained an exceptional growth in trading minerals in China in 2012. China’s economy still has good conditions for development and huge potential.

China’s current financial and monetary reserves are sufficient to safeguard economic growth, also labor market competitiveness will continue to be China’s advantage in global markets.
Sahit Muja
President & CEO
Albanian Minerals
New York

South Africa: Gold and platinum soar,workers demand 300% wage increase

 Sahit Muja

Sahit Muja: Unrest in South Africa's platinum miners is spreading, workers at the nearby Royal Bafokeng platinum mine stop working today and blocked fellow miners from going to work.

Anglo American Platinum, has also received a list of demands from a group of workers in South Africa.
Managers from Lonmin met workers' representatives on Tuesday night for the first time since 34 Marikana mine strikers were shot by police. Ten other people, including two police officers, died in violence last week.

The 3,000 Lonmin workers are demanding that their wages be trebled from 4,000 rand to 12,500 rand a month . South African president Jacob Zuma has entered the debate, telling workers on Wednesday that he would speak to Lonmin about their wage demands.

Labor strikes and killing of 44 people in South African platinum industry spread fears of mining crisis in one of the main commodity-producing countries in the world.

Platinum and gold prices continued to soar as investors concerned with supply disruptions.
The unrest in South African has started to affect global commodities markets Plitinum price increase to $1,524 a troy ounce, up 10 percent since the killing of the workers. Gold prices rose to $1,637.40.80 an ounce.

South Africa is the world’s largest platinum producer, ferrochrome and chrome ore and fifth-largest gold producer.

South Africa is famous for its abundance of mineral resources, accounting for a significant proportion of world production and reserves

Albanian Minerals estimated that South Africa’s total mineral proven reserves worth of $3 trillion in today's market price.

South Africa has the world’s largest reserves of manganese, chrome ore and platinum group metals and among the largest reserves of gold, diamonds, coal, aluminum, iron ore and vanadium.

South Africa’s prolific mineral reserves include precious metals and minerals, energy minerals, non-ferrous metals and minerals, ferrous minerals, and industrial minerals.

Given its history and mineral wealth, it is no surprise that the country’s mining companies are key players in South Africa's economy and global mining industry.

Sahit Muja
President and CEO
Albanian Minerals
New York

Steel output in China hit a record, production up 400% in 10 years

 Sahit Muja

Sahit Muja: Steel output in China hit a record, production  up 400% in 10 years.
Over the past 10 years, China's steel production has increased at a rapid pace as the economy has industrialized and urbanized.

The  400% expansion of steel production over the past 10 years has been a significant driver of China’s demand for raw materials, especially iron ore, coking coal, nickel, ferrochrome, chrome ore and other minerals. China's  crude steel production was 182 million tons in 2002 and is expected 715 million tons in 2012.

China has become a powerhouse in the global crude steel production and stainless steel industry.  .
World crude steel production reached 1,527 million tons in 2011. China's crude steel output increased 8.9 percent year-on-year to 683.27 million tonnes in 2011
Global steel prices and demands are weakening, but Chinese steel mills are increasing production, adding huge concerns from steel mills in EU, US and India.

Albanian Minerals  is expecting that China will produce near 50 percent of world's crude steel in 2012. Now China is totally dominating the global steel market.
The latest industry data tracking  steel output over a 20-day period showed Chinese steel production increased 2% in August.

World's crude steel production in the first six months of 2012 was 766.9 Mt, up 0.9% compared to the same period of 2011.
North America and Asia showed an increase of 7.2% and 1.6% respectively USA 8.4% and China 1.8% while the EU (27) and South America recorded negative growth of -4.6% and -3.5% each.

China’s crude steel production for June 2012 was 60.2 Mt, for July 2012 was 61.7 Mt.Japan produced 9.2 Mt of crude steel in June 2012, up by 3.5% compared to the same month last year. South Korea’s crude steel production for June 2012 was 5.9 Mt, an increase of 4.3% compared to June 2011.

In the EU, Germany produced 3.7 Mt of crude steel in June 2012, a decrease of -4.0% on June 2011. Italy’s crude steel production for June 2012 was 2.4 Mt, down by -7.9% on June 2011. In June 2012, France produced 1.3 Mt of crude steel, down by -2.1% compared to June 2011. Spain’s crude steel production for June 2012 was 1.3 Mt, -8.8% lower than June 2011.

Turkey’s crude steel production for June 2012 was 2.9 Mt, an increase of 4.0% compared to June 2011.The US produced 7.3 Mt of crude steel in June 2012, up by 0.8% on June 2011.
Brazil’s crude steel production for June 2012 was 2.7 Mt, -8.5% lower than June 2011.

In today’s market, steel manufacturers are constantly pressed to remain competitive. Look around your home and you’ll see the many trusted brand name appliances and electronics bearing the “Made in China” label. China is absolutely leading the world in steel production and on the global economic stage.

Sahit Muja
President and CEO
Albanian Minerals
New York

Facebook's bubble has burst shares drop 50 percent

 Sahit Muja

Sahit Muja: Facebook's bubble has burst shares drop 50 percent
The investors who bought the Facebook hype must now suffer a fool’s disgrace as they watch their favorite IPO go from $38 dollars a share to $19.05, down 50 percent.

It likely to go much lower. Facebook It is a company that desperately needs a vision and plan for how to leverage its users and crank up the revenue engine.
It is clear CEO Mark Zuckerberg  don't have one. Facebook probably need a new CEO, but I can't imagine Zuckerberg giving up that chair.

I give  Mark Zuckerberg  credit. He created a $10 billion business, and that is no small feat. Unfortunately, he tried to sell it as a $100 billion business.
The social networking bubble has burst. Zynga, Groupon, facebook stocks have been suffering and dealing with market reality.
My prediction of $10 is on target but My guess was not too difficult. If ad revenues continue to falter and  investors  jump off ship, as it is already happening, the the new low will head to $9 a share.
Facebook failures were numerous:

Failed to see apps advertising revenues. Their new strategy of loading ads down the apps pipeline assure developer loyalty and revenue shares with FB but possibly to slow to implement causing further erosion in stock value.
Facebook failures to buy Skype a great multinational advertising platform and chose Instagram a no revenue, no plan company.

Facebook was too focused on bells and whistles and not revenue generators.
Facebook need a new improved business model, but the more serious issue is the declining revenues.
Facebook Reports Q1 2012 Earnings; $1.05 Billion in Revenue, $205 Million in Profit.  Facebook Q2 of 2012, it brought in $1.18 billion in revenue.
Sahit Muja
President and CEO
Albanian Minerals
New York