The Minister of Mining and Energy, Zorana Mihajlovic, said that she would ask for an increase in the amount of the ore rent.
She told the Biznis.rs portal that the amount of ore rent is defined by the Law on Determining Fees for the Use of Public Goods, for which the Ministry of Finance is responsible.
“We are currently doing detailed analyzes and we will soon contact the Ministry of Finance, in order to initiate the procedure of changes,” Mihajlovic pointed out.
The percentages of ore rent in Serbia have not changed for a long time. That income from every investor who exploits the mineral resources of Serbia, in the amount of 60 percent, belongs to the budget of Serbia, and 40 percent to the local self-government on whose territory the exploitation is carried out.
The lowest amount is paid for the exploitation of salt – one percent, according to Biznis.rs.
For the use of other resources and reserves of mineral resources, such as coal and oil shale, oil and gas, radioactive raw materials, metallic raw materials, technogenic and non-metallic raw materials, groundwater from which useful mineral raw materials or gases that occur with them, fee amounts to three to seven percent of revenue.
Revenues from mining amount to about two percent of Serbia’s gross domestic product (GDP).
Fees for the use of mineral resources in Serbia are among the lowest in Europe. They are 10 percent in Croatia, 12 percent in Hungary and Romania, and 18 percent in Slovenia. The Russian Federation has the highest ore rent, 22 percent of income, Nova Ekonomija reports.
