News

By urgent procedure, the Ministry of Mining and Energy is preparing Draft Amendments to the Law on Mining and Geological Exploration by which the maximum oil and gas exploration area will amount to 5000 square kilometers, which is five times more than in other countries. The Article 36 of the future Law reads: “The exploration […]

A draft law that allows oil and gas exploration in the 5,000 sq. km is in preparation, which is five times more than in other countries. Ministry of Mining and Energy prepares in an emergency procedure Draft amendments to the Law on Mining and Geological investigations according to which the maximum area for oil and […]

Law on Fees for Using Public Goods was being prepared, by which the amounts of charges, i.e. the basis for their calculation, would be defined. The amount of the mining leasing rate will be determined according to the agreement with the Ministry of Mining. Draft law should be finished in six months, after which a […]

Mineco Ltd ( Mineco Limited) has been achieving good results in two active lead and zinc mines in Serbia and intends to continue investing in this business because there are still vast unexploited resources”, said the managers of this British company. Mineco’s managing director Bojan Popović stated that Mineco has come to Serbia because of […]

The largest copper producer for Southeast Europe is planning investment program worth € 180 million under the title “Aurubis Bulgaria Spectrum 2018”. It is planned in the period 2015-2018 and has several main aspects, which include direct and indirect investments. This has become clear within the frameworks of the press-conference given today, at which was […]

Lece mine with exploration rights on gold, lead and zince which belonged to Farmakom company will be leased to Dubai based Life Stone Capital company. At the meeting of the Board of Creditors, it was decided that the company “Life Stone Capital“ from Dubai should take the gold, lead and zinc mine “Lece“ on lease. […]

Exploration of unused minerals and metals represents a major challenge, and requires time and significant resources. It often takes even 10 or more years to identify and confirm the quality and the scope of deposits. It is therefore necessary that by using the legislative framework, tax and fiscal regime to encourage exploration in Serbia that […]

Despite interruptions in ore production and processing due to the floods in May last year, lead and zinc mine Veliki Majdan, whose majority owner is the British company Mineco Ltd., exceeded the annual lead and zinc concentrate production plan by 24 percent. Although app. 47 000 tons of ore was excavated, 2 562 tons of […]

Proved reserves of lead and zinc ore at the mine Brskovo in Mojkovac amount to 27 million tons, three times bigger than previously thought, according to representatives of the Australian company Balamara Resources Limited (BRL). Milijanka Maras from BRL said that the company with headquartered in Perth was determined to open a new lead and […]

The privatization of the mines can be successful. The evidence is the example of lead and zinc mine Rudnik near Gornji Milanovac, owned by UK company Mineco and its partners since 2004. Mineco has also a majority stake in Veliki Majdan near Ljubovija, which was subject to bankruptcy in 2006, when it was taken over […]