Serbia’s mineral wealth is worth close to 200 billion dollars
, NewsThe director of the Geological Institute, Dragoman Rabrenović, said tonight that Serbia’s mineral wealth, excluding the new deposit near Žagubica, is worth almost 200 billion dollars.
“All companies engaged in research, when they confirm their reserves, submit that data to the Institute, and it has a real insight into the available situation in that area,” Rabrenović told Insider TV.
He stated that the latest research in the area of Žagubica is awaited, but that according to the first preliminary results, there are two or three deposits there.
“If we were to make a rough estimate, it would be three to four billion dollars for gold alone,” Rabrenović said.
The director of the Geological Institute stated that the mineral rent currently amounts to five percent.
“Let’s roughly calculate on an annual basis that for the production of gold in Bor, the annual rent should be 200 million dollars, 40 percent of which goes to the local self-government, 60 percent to the state,” he said.
Speaking about the ecological consequences of gold mining, Rabrenović said that geological research is generally safe, while mining and exploitation depend on the type of mineral raw material, but that “more than 90 percent of the process is safe.”
LATEST NEWS
- March 25, 2023 Europe revives mining to reduce dependence on the import of key raw materials, the advantages of Serbia as materials supplier
- March 8, 2023 Calcium Carbonate Industry, Reshaping the Market Growth, Serbian supplier to match European industrial demand
- February 28, 2023 Serbian exploitation miner Belkalhan could become EU primary supplier of Graphite critical raw material
- February 28, 2023 Calcite/calcium carbonate premium quality supplier from Serbia opening supply contracts for 24,25, pharmaceutical/chemical/food processing industry opportunity for JV
- February 16, 2023 Serbian Belkalhan calcite & graphite mining developer invites JV partners for joint critical raw materials exploitation
- February 15, 2023 Petroprocess to modernize EPS power plant CEMS system with state of the art equipment
- March 31, 2023 Serbia: Farmers’ associations are dissatisfied with the way in which the eAgrar system is implemented
- March 31, 2023 Serbia, Export growth in February 14.9 percent compared to the same month in 2022
- March 31, 2023 Serbia, New toll prices apply from tomorrow
