News

Rio Tinto Approves Additional USD 200 Million for Jadar Project

Friday, 31. Jul 2020.

Rio Tinto has approved a new investment of USD 200 million for the further development of the lithium-boron Jadar project in Serbia.

The investment was announced at a video-link meeting between Serbian Prime Minister Ana Brnabic and representatives of the international mining and metal group.

As announced on the governments website, this decision is the result of the adoption of a previous feasibility study of the Jadar project, and the company Rio Tinto has so far invested more than USD 250 million.

The Prime Minister emphasized that the continuation of their business on the mentioned project near Loznica is of exceptional importance for Serbia, especially during the coronavirus pandemic that the whole world is facing.

She emphasized the importance of adopting the previous Feasibility Study for the continuation of the project, emphasizing that it is good news, not only for the government of Serbia, which directly cooperates with Rio Tinto, but also for the local community.

The mentioned project includes work on the development of the underground mining mine and the construction of an industrial plant for metallurgical-technological processing of jadarite concentrate, the beginning of which can be expected at the end of 2021.


Source: eKapija

12. Avg 2020.
Sale of Duga Fruit from Krusevac Being Prepared – Looking for Valuer

12. Avg 2020.
Property of Gosa Solko up for Sale – Forklift, Presses, Sheet Metal and Finished Products

11. Avg 2020.
ABB to Modernize Veliki Krivelj Copper Mine

10. Avg 2020.
Property of Autotransport Sokobanja Sold – Expres Komerc Becomes New Owner for RSD 17 Million

06. Avg 2020.
NIS Auctions Immovable Property

05. Avg 2020.
Delta Holding Still Interested in Purchasing Sava Centar

05. Avg 2020.
Air Serbia Posts Net Profit of EUR 9.5 Million in 2019

05. Avg 2020.
Argentina Agrees Restructuring of USD 65 Billion Debt

04. Avg 2020.
Public Debt of Serbia at 57.3% of GDP at the End of June

03. Avg 2020.
Ljubljana daily: Serbia remains attractive for capital from Slovenia

03. Avg 2020.
Serbia Second Fastest Growing Economy in Europe in 2Q

02. Avg 2020.
City Selling Sava Centar at Initial Price of EUR 27.4 Million – Requirements for Future Owner Known

31. Jul 2020.
American Economy Drops by 33% – Biggest Quarterly Drop Since Eisenhower Administration

30. Jul 2020.
MK Group Becomes Co-owner of a Shopping Center in Croatia

29. Jul 2020.
Johnson Electric Planning to Expand Factory in Nis

28. Jul 2020.
A leading real estate consultancy, CBS International, brokered the biggest investment transaction in

27. Jul 2020.
Factory of IMK 14. oktobar in Brus up for Sale – Initial Price RSD 51.24 Million

24. Jul 2020.
Air Serbia to Temporarily Discontinue Certain Flights Due to New Restrictions

24. Jul 2020.
Hotel in Banja Palanacki Kiseljak up for Sale

23. Jul 2020.
In what state is the Serbian economy meeting the new measures? – Payment deadlines extended

22. Jul 2020.
Moodys Confirms Credit Rating of Belgrade

21. Jul 2020.
Vocar Company from Merosina up for Sale – Value Estimated at EUR 2 Million

21. Jul 2020.
Air Serbia Launches Flight Pass Project – Saving up to 50% for Prepaid Flights

20. Jul 2020.
NBS Expects as Many Banks as Possible to Implement Loan Exemptions Which Start Today

20. Jul 2020.
Air Serbia Launches “Keep Boarding” Campaign – Pass Provides Discount at Hotels, Restaurants

20. Jul 2020.
Volkswagen Worlds Most Indebted Company

19. Jul 2020.
Meggle to Move Production from Croatia to Serbia and BiH?

17. Jul 2020.
European Commission: Serbias GDP Grows by 5% in Q1, Biggest in the Region

16. Jul 2020.
Germany to Provide EUR 5 Million in Banking Guarantees to Small and Medium Enterprises in Serbia