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 

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

 Sahit Muja

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

China surpass South Africa and India as top producer for another strategic metal

 Sahit Muja

Sahit Muja: China surpass South Africa and India as top producer for another strategic metal.

China produces nearly 95 percent of the world's rare earth materials and is the world's largest steel and stainless steel producer. Steel is the backbone of global economy.

China has become the world's largest ferrochrome production country. China has no chrome ore reserves and has become the world's largest ferrochrome producer.

Chrome ore is used in smelters to produce ferrochrome for stainless steel.Chrom ore is one of the most important industrial metals and there is no substitute. In the production of stainless steel there is no substitute for ferrochrome. China is the world's largest steel and stainless steel producer, accounting for half the world's output.

South Africa has about 75% of the world’s chrome reserves other producers are India, Kazakhstan, Zimbabwe , Turkey, Albania, Finland, Oman, Iran Pakistan and Brazil.India’s steel ministry, concerned over the depleting reserves of chrome ore has called for a complete ban of its chrome ore exports. India now have depleted chrome ore reserves to 38 million tonnes

A export duty of $100 tone on raw chrome ore was proposed in South Africa earlier this year. During the first half of the year, chrome ore exports to China was about 4.5 million tons, of which 2 million tons from South Africa.

The global ferrochrome supply and demand grew by 2% in the six months in 2012. China’s ferrochrom supply grew by about 18% this year.
Albanian Minerals expect that ferrochrome supply and demand to grow by 5% each by the end of 2012.

Stainless steel is very important and there is no substitute for it. Stainless steel does not corrode, rust, or stain with water as ordinary steel does.
Stainless steels of various kinds are used in thousands of applications in manufacturing, construction, cutlery, sinks, saucepans, washing machine drums, microwave oven liners, razor blades, cladding, handrails, door and window fittings, street furniture, structural sections, reinforcement bar, lighting columns, lintels, masonry supports
exhaust systems, car trim/grilles, road tankers, ship containers, ships chemical tankers, refuse vehicles, pressure vessels, process piping, platform accommodation, cable trays, pipelines, surgical instruments, surgical implants, MRI scanners.

Catering equipment, brewing, distilling, food processing, water and sewage treatment, water tubing, and hot water tanks.
The price of chrome ore and ferrochrome, an essential ingredient in stainless steel, is set to jump.

Sahit Muja
President and CEO
Albanian Minerals
New York

South Africa has a huge potential for economic and tourism growth

 Sahit Muja: South Africa

 Sahit Muja: South Africa has a huge potential for economic and tourism growth

South Africa is a  global emerging market with an abundant supply of natural resources.

South Africa has large reserves of gold, chromium, chrome ore,  antimony, coal, iron ore, manganese, nickel, phosphates, tin, rare earth elements, uranium, gem diamonds, platinum, copper, vanadium, salt,  and natural gas.

Agriculture products: corn, wheat, sugarcane, fruits, vegetables; beef, poultry, mutton, wool, dairy products
 Industries: mining , world's largest producer of platinum and  ferro-chrome, gold, chromium, automobile assembly, metalworking, machinery, textiles, iron and steel, chemicals, fertilizer, foodstuffs, commercial ship repair

South Africa is democratic country with  westernised legal  system.

South Africa has developed financial, legal, communications, energy, and transport sectors, a stock exchange that is the 18th largest in the world.

South Africa has modern infrastructure supporting a relatively efficient distribution of goods to major urban centers throughout the region. South Africa, It befits its position at the southern end of the world’s most epic continent, with more types of   terrain .

South Africa offers a  powerful experiences  You will discovering something new,  landscape, a culture, a flavor, or a completely different sensation altogether.

South Africa has stunning variety of spectacular natural environments, exotic wildlife, award-winning vineyards, historic townships, uniquely sophisticated cities, world-renowned cuisine, and lively culture.

South Africa offers a journey of discovery like deserted Kalahari, Namakwa’s springtime symphony of wildflowers, iconic Table Mountain and Cape Point, Kruger National Park’s wildlife-stalked savannah and, running through the east of the country and into Lesotho, the Drakensberg. 

If You interested in another kind of wildlife, hit the nightclubs on Cape Town.

Sahit Muja

President and CEO

Albanian Minerals

New York