Serbian mining sector records biggest growth in exports

From January to the end of August this year, Serbia’s exports increased by 26.2 percent, but mostly thanks to the rise in prices of exported goods which went up by 20.5 percent, while the quantity of export products increased by only 4.7 percent, according to the data from the State Statistics Office (RZS).

The same thing can be said for imports. The total value of imports increased by 34.5 percent in eight months, but the prices of imported goods went up 25.3 percent while the quantity of imported goods increased by 7.4 percent.

In terms of economy’s sectors, the export of raw materials went up the most (92.4 percent), with the quantity of exported raw materials going up by 70 percent, and the price only by 13.3 percent. On the other hand, the quantity of fuel exports decreased by 16 percent, while the quantity of exported fuel went up by 83 percent and their price by 53 percent.

The same situation was in the food sector, whereby the quantity of exported products declined by 12.3 percent, but due to a 25.8 percent increase in prices of exported goods, its value increased by 10.3 percent in total. Imported fuel also became more expensive (by 83.5 percent), and with a quantitative growth of imports of 24 percent, the total value of imported fuel in eight months of 2022 increased by as much as 128 percent.

The mining sector recorded by far the largest increase in exports – 185.6 percent – with exports of metal ore going up as much as 190 percent. This growth is mainly due to the higher exported quantity (167.7 percent). Serbia did not benefit much from the rise in metal prices, as the price of exported ore increased by only 8.4 percent, Serbian Monitor reports.

Turkey’s exports from mining have reached new pandemic heights, increasing by 48% in the first nine months of 2021

Turkey’s exports from mining have reached new pandemic heights, increasing by 48% in the first nine months of 2021, reaching a healthy $4.38 billion with China, the U.S. and Spain topping the list of destination countries

Turkey’s mineral exports increased by 48% in the January-September period of 2021, compared to the same period of the previous year, reaching $4.38 billion (TL 45.71 billion), Energy and Natural Resources Minister Fatih Dönmez said Tuesday.

Dönmez drew attention to the record energy and mineral prices being witnessed in Turkey and the rest of the world.

“We were affected by this process, of course, but compared to the rest of the world, Turkey recovered faster than other countries”, he said.

“Our mineral exports increased to $4.38 billion in the first nine months of 2021. Compared to the same period of the previous year, our exports increased by 48%. Last September, we exported $584 million from mines. Compared to the same period of the previous year, we achieved an increase of 39%.”

China, the United States and Spain were the top three exporting countries, with Indonesia, Uzbekistan, Hong Kong, Albania and Serbia recently added to the list of Turkey’s export markets.

The mining industry’s contribution to Turkey’s gross domestic product has massively increased from TL 11 billion in 2009 to TL 59.2 billion in 2020, Dönmez said.

Dönmez emphasized that the environment and sustainability are among the top priorities, noting that the transformation of sectors to promote sustainability will be carried out within the framework of the European “Green Deal.”

“Turkey has the largest reserves in the world in boron, perlite, trona, pumice, bentonite, pyrophyllite, feldspar, zeolite, barite, magnesite, chrome, lignite, gypsum, marble and cement raw materials,” he said.

Of the 90 types of minerals produced around the world, Turkey has 80, he said.

Technological advancements and further research and development are necessary to reap the full benefits of such large reserves, he added.

Dönmez noted that within the scope of the national mining policy, a model that creates more end products would be implemented.

“These mines are ours and we also have the infrastructure, human resources, entrepreneurs and technology to mine them. Most importantly, we have self-confidence now. We have businesspeople who say we can do it, we can handle this job, and take the responsibility without hesitation.”

Dönmez also added that female employment in the mining sector rose by 106% in 2019 compared to 2010, reaching 5,732 while male employment decreased by 2% to 117,212 in the same period.

Planting and cultivating trees at old mine sites is an ongoing endeavor, Dönmez said, highlighting that 10 million trees have been planted over the course of 29 years.

“We produced 6,500 liters (1,717 gallons) of olive oil from approximately 7,700 olive trees that we planted in our fields under the Aegean Lignite Enterprise Directorate in Soma, Manisa,” he said and added, “We will always do our work by saying ‘people and the environment first, then mining.”