Sitemap

Ministry Of Mining And Leading Mining Companies Participated At NSTLAW And CANSEE Panel Discussion

CorD Recommends

Serbia Commits €5.4 Billion to Renewable Energy by 2030

Serbia's state-owned power company, Elektroprivreda Srbije (EPS),...

Serbia’s Zlatibor and Croatia’s Labin Unite in Tourism Pact

In a step to strengthen international ties...

Serbia’s Agrarian Giants: The Landowners Reshaping the Countryside

A recent survey has revealed Industrija mesa...

Balkan Borders Blur as Free Labor Movement Pact Launches

Marking a significant shift in the labor markets of Southeast Europe, Serbia, Albania, and North Macedonia have forged an...

Southeast Europe Unites in Support for Ukraine at Tirana Summit

In a striking demonstration of unity from Tirana, Southeast European leaders, together with Ukraine's President Volodymyr Zelenski, have collectively...

New Management In Schneider Electric Serbia And Montenegro

Schneider Electric, the global leader in digital transformation of energy management and automation, announces the appointment of Miloš Vuksanović...

Nestlé Unveils Plant-Based Meal Factory in Surčin, Serbia, with a €80 Million Investment

Nestlé has taken a significant step towards expanding its sustainable food production footprint by inaugurating a new €80 million...

Serbia Commits €5.4 Billion to Renewable Energy by 2030

Serbia's state-owned power company, Elektroprivreda Srbije (EPS), has announced an ambitious plan to invest €5.4 billion in renewable energy...

On June 15, 2021, a panel discussion on the recent Mining Law Amendments was organized by NSTLAW in cooperation with CANSEE- the Canadian-Serbian Business Association at the Hilton Hotel.

Attendees were addressed by H.E. Mr. Giles Norman, Ambassador of Canada, who emphasized that Serbia had become one of the most interesting mining markets in Europe, and the Mining Law Amendments presented a positive step forward.

Nenad Stankovic, Founder and Managing Partner of Stankovic and Partners (NTSLAW) moderated the discussion with participants H.E. Mr. Giles Norman – Ambassador of Canada, Ms. Mirjana Doncic–Beaton, CANSEE Canadian – Serbian Business Association, Ms. Dragana Jelisavac Erdeljan, Ministry of Mining and Energy, Mr. Nenad Rakic, Balkan Gold, Mr. Dusan Simic, Jantar Group, Mr. Marijanti Babic, Rio Sava Exploration. Along with the Ministry of Mining and the panelists, representatives of Rio Tinto, Zijin Mining, Dundee Precious Metals, Balkan Gold, Adria Minerals, Mundoro Capital and others took an active part in the discussion.

The Government of the Republic of Serbia outlined the main amendments, and new investment opportunities in the sector. Dragana Jelisavac Erdeljan stated that she expected the amendments will result in modernization of the mining sector, and that the aim of the Law was to remove the inadequacies observed in practice during implementation of the previous legislation.

When asked about the new possibility for investors and the Republic of Serbia to conclude investment agreements, Marijanti Babic said that such an opportunity had also existed before, albeit in a different format and that investment agreements have been available for many years in Australia, Portugal, Romania, Greece. Such agreements will be regulated in more detail through additional bylaws which will be passed in due course. Marijanti Babic also noted that the novelty in terms of bank and corporate guarantees was important and was favorable and stimulating for investors.

The newly introduced amendments envision the introduction of E-mining. As explained by Dragana Jelisavac Erdeljan this new feature will simplify procedure and overall efficiency.

Dusan Simic stated that the amendments to the Law that introduced classification of (solid) mineral resources and classification of the reserves of mineral resources based on the Pan European Reserves and Resources Reporting Committee (PERC) Code were international standards that would reduce costs for stakeholders and more efficient research activities.

Nenad Rakic noted that the amendment to the Law that referred to authorizations of the inspections regarding professional supervision was a significant change. The new Law stipulates that the professional supervision cannot be done by a legal entity that is also the researching entity.

The panel concluded that the amendments to the Law on Mining and Geological Research provide opportunities for improvement in that sector, but that there were certain ambiguities and that there were expectations with respect to responsible development given the controversy over this topic.

We would like to express our gratitude to the Embassy of Canada and H.E. Mr. Giles Norman for their support in this panel and look forward to working together to secure the most optimal framework in this dynamic sector.

Further thanks to all the panelists, our guests and our long-term partner CANSEE – Canadian – Serbian Business Association for their active participation and contribution in organization of this panel discussion.

Related Articles

German-Serbian Chamber Hosts Gala, Pledges Green Future

In a significant event marking the strengthening of German-Serbian economic ties, the German-Serbian Chamber of Commerce (AHK Serbia) hosted its annual gala under the...

Serbia and CESEC Members Reinforce Energy Sector Connectivity at Athens Meeting

At a high-level ministerial meeting of the Central and Southeast European Energy Connectivity (CESEC) group in Athens, Serbia, represented by the Minister of Mining...

Belgrade Hosts International Energy and Environmental Fairs

At the Belgrade Fair, the 18th International Energy Fair and the 19th International Environmental Protection Fair have been opened, which will gather more than...

Serbia Signs Gas Import Agreement with Azerbaijan

The Serbian and Azerbaijani Ministries of Energy have signed a Memorandum of Understanding to deepen energy sector relations. Additionally, a commercial contract between gas...

Speed Business Meeting: Bridging Global Business Ties

A premier Speed Business Meeting was recently hosted at the Mona Plaza Hotel, drawing members from six influential bilateral business associations.  These included the CANSEE...

The Annual International Networking Cocktal Held in Belgrade

Continuing the tradition of gathering representatives from prestigious companies in Serbia, 17 bilateral chambers of commerce and business associations organised the annual International Networking...

Zijin Mining Pledges $3.8 Billion Investment in Serbia

Serbia's Minister of Mining and Energy, Dubravka Đedović Handanović, has inked two memoranda of understanding with China's Zijin Mining Group in Xiamen, signifying the...

Ambassador Ferguson: British Companies Interested in Developing Projects in Serbia

During a conversation with Minister of Mining and Energy, Dubravka Đedović, the British Ambassador in Belgrade, H.E. Edward Ferguson, stated that British companies are...