Bosnia and Herzegovina: Serb Republic to award iron ore mining concesssion
The government of Bosnia’s Serb Republic said it plans to award a concession contract for iron ore mining near the own of Ljubija to ArcelorMittal Prijedor.
Under the planned agreement, ArcelorMittal Prijedor will mine 3 million tonnes of iron ore from a deposit located near Ljubija, the Serb Republic government said in a statement on Thursday.
The project will employ about 100 people.
In the coming period, the government will define the obligations of the concessionaire in the agreement before signing it with ArcelorMittal Prijedor.
ArcelorMittal Prijedor and the government of the Serb Republic entity signed a memorandum of cooperation in the project on December 31, 2021.
ArcelorMittal Prijedor was established in 2004 as a joint venture between multinational steel and mining company ArcelorMittal with a 51% stake and local mining company RZR Ljubija with a 49% stake. ArcelorMittal also owns a steel plant in Zenica, located in Bosnia’s other entity, the Federation.
The Serb Republic and the Federation are two autonomous entities that form Bosnia and Herzegovina.
- More opposition to Berkeley’s uranium mine in Spain
- What Are The Major Natural Resources Of Macedonia?
- Who are the main players in the ore exploration business in Serbia
- How valuable is Kosovo’s mineral wealth?
- Norway Karpinski Oil-Gas Co south Russia exploration blocks
- Rio Tinto is ecological catastrophe for Serbian citizens
- $700 million invested by Vallex Group in Armenia’s mining industry over past two decades
- Commissioning activities ramping up at Spain tungsten project
- UK Mineco's Fregat lead refinery in Russia listed on LME
- Australian Key Petroleum eyes Bosnia oil concessions