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    Vucic with representatives of Rio Tinto: A battery plant along with the „Jadar“ mine

    The President of the Republic of Serbia, Aleksandar Vucic, met with a delegation from Rio Tinto led by the Executive Director Jakob Stausholm, with whom he discussed current and potential projects, as well as modalities of comprehensive cooperation that would not be limited to ore research and exploitation, but would expend to wider economic development of the Macva district and the entire Serbia.

    An investment in Jadar will be USD 450 million by the end of the year

    Representatives of the company informed Vucic about the current course of work in Serbia, emphasizing that by the end of the current year they will complete the phase of feasibility study, as well as the study on environmental impact assessment, for the purpose of commencement of exploitation of jadarite mineral. By the end of 2021, a total of 450 million dollars will be invested in the „Jadar“ project and geological surveys, development of processing technology, preparation of studies and project.

    The interlocutors agreed that the strategy of cooperation between Rio Tinto and the Republic of Serbia must include a long-term contribution to the development of the local community, a responsible attitude towards the environment and general economic prosperity.

    „Having in mind that the Jadarite deposit is one of the largest in the world in terms of lithium content, I expect that a full chain of added value will be established in cooperation with state, not only for the Macva district and the town of Loznica, but for the entire Serbia,“ the president emphasized, adding that he expects the project to also include plants for the production of batteries and products that depend on lithium, in addition to future mining-industrial complex „Jadar“, in order to create as many new jobs as possible.

    Izvor: BIZLife

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