Nothing funner than playing with your bouncing balls!
News today. July 6, 2011
Tirex Chief Executive Officer will present his views on Albania at the first US-Albanian Investment Forum. This will be an opportunity for Tirex to comment on Albania's Mining Law, treatment of foreign investors and the regulatory environment as well as Tirex's recently announced production plans in areas such as Qaf Bari, Tuc, and Fushe Arres.
Tirex, the largest private sector investor in the history of Albanian mineral exploration, has recently announced plans to transition from exploration into production. Tirex has injected significant capital and technical expertise to the Albanian mineral exploration sector during prospecting and exploration and is now, through its rights under Albanian Mining Law, planning full scale commercial production.
Tirex's Chief Executive Officer, Bryan Slusarchuk, will be presenting at the largest Albanian investment initiative of its kind as to the Tirex experience in Albania and the evolution from exploration into production.
The venue is the First US-Albanian Investment Forum, a major investment event that is hosting the Government of Albania in New York City, New York on September 19th, 2011. Mr. Slusarchuk will be speaking to an international audience of investors and financial institutions at this prestigious event. Due to Tirex's recently announced intentions in priority production areas such as Qaf Bari, Tuc and Fushe Arres and Tirex's first mover status in a new era of Albanian mineral exploration, Mr. Slusarchuk is in a unique position to discuss investing in Albania with this audience of professional financiers.
The Albanian delegation to the event is led by His Excellency Sali Berisha, Prime Minister, Government of Albania and including Honorable Edmond Haxhinasto, Deputy Prime Minister and Minister of Foreign Affairs, Honorable Nasip Naco, Minister of Economy, Trade and Energy and Honorable Sokol Olldashi, Minister of Public Works and Transportation. The event will be opened by the Albanian Honourary Consul, His Excellency Dritan Mishto.
In conducting its Albanian program to date, Tirex has not only created substantial employment in the north but has also has been active in the local communities. Since arriving in Albania, Tirex has upgraded roads in the local area, built an exploration base camp to high international standards complete with a modern first aid facility and helicopter pad, acted as a volunteer fire fighting group in the north, donated a bus for children to be transported to school, conducted a large educational event for mining professionals and academics in Tirana, provided high quality English textbooks to local schools, and established educational scholarships for Albanian students wishing to pursue geology as a career. Tirex has also provided job training to many local Albanians on modern geological and geophysical equipment.
Bryan Slusarchuk, CEO, states, “As a first mover in an important industry sector in Albania, we are proud to have witnessed the country’s growth. When we first came to Albania, many in the investment community were very cautious about the prospects for the country. Today, we are seeing a shift in this attitude as the investment world recognizes the opportunity Albania presents. This country has a flat corporate and personal tax rate of 10%, is a parliamentary democracy, a member of NATO and a European Union candidate country. It is our belief that Albania's best days as a country are ahead of it. I look forward to sharing details of Tirex's experience in Albania with the international investment community at this forum."
Tirex’s ongoing exploration in Albania is funded, in part, by the European Bank for Reconstruction and Development (EBRD) in what was the bank’s first ever mineral exploration investment anywhere in the world.
Further details on the company and the Mirdita Project can be found on the Tirex website at www.TirexResources.com.
Regards,
The Tirex Team
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