Brnabic: Rio Tinto investing 200 million Dollars in mining project

NEWS 30.07.2020 20:43
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Source: N1 (arhiva)

The Serbian government said on Thursday that the Rio Tinto mining company is set to invest another 200 million Dollars to develop the Jadar lithium boron mining project.

The new investment was announced in a video conference with Prime Minister Ana Brnabic and follows the company’s investments of more than 250 million Dollars to date, a press release said.

“The Prime Minister emphasised that the continuation of their business on the project near Loznica is of exceptional importance for Serbia, especially during the coronavirus pandemic,” the press release said and qouted Rio Tinto’s executive director Bold Batar as expressing satisfaction with the government on the Jadar project which includes developing an underground mine and the construction of a processing plant.