Sitemap

Rio Tinto Commits $2.4 Billion To Develop Jadar Lithium-Boron Underground Mine & Process Plant In Serbia

CorD Recommends

Over Two Thousand Seek Employment in Serbia Through Open Balkan Scheme

Serbian President Aleksandar Vučić reported that, via...

Serbia-France Innovation Forum Begins: Innovate for the Planet! Play Green!

At the Serbia-France Innovation Forum titled 'Innovate...

Economic Partnership Flourishes at Banja Luka Expo

At the heart of regional economic dialogue,...

Generali Serbia Revolutionizes Farming with Digital Crop Insurance

Serbian farmers can now insure their crops...

Miroslav Lajčak Appointed New EU Ambassador to Switzerland

Miroslav Lajčak, formerly the Special Representative for the Belgrade-Pristina dialogue, has been appointed as the new EU Ambassador to...

French Embassy and Institute in Serbia Launch ‘Rhythm of French Culture’ Event Series

The French Embassy and the French Institute in Serbia are organising an event called Rhythm of French Culture. This year,...

Albania to Utilize Drones in Anti-Cannabis Campaign

Albania is set to enhance its anti-cannabis efforts by deploying advanced drone technology, announced Interior Minister Taulant Bala. Starting...

1938 Superman Comic Sold for Record $6 Million

A 1938 comic book featuring the first appearance of Superman was sold for a record $6 million to an...

White House Calls for Lunar Time Zone

The White House has requested that NASA create a new time zone for the Moon by the end of...

Rio Tinto has committed $2.4 billion to the Jadar lithium-borates project in Serbia, one of the world’s largest greenfield lithium mining and processing projects. The project remains subject to receiving all relevant approvals, permits and licences and ongoing engagement with local communities, the Government of Serbia and civil society. The Jadar project would scale up Rio Tinto’s exposure to battery materials, and demonstrate the company’s commitment to investing capital in a disciplined manner to further strengthen its portfolio for the global energy transition.

Jadar will produce battery-grade lithium carbonate, a critical mineral used in large scale batteries for electric vehicles and storing renewable energy, and position Rio Tinto as the largest source of lithium supply in Europe for at least the next 15 years. In addition, Jadar will produce borates, which are used in solar panels and wind turbines.

Jadar will be one of the largest industrial investments in Serbia, contributing 1% directly and 4% indirectly to GDP, with many Serbian suppliers involved in the construction of the mine. Rio Tinto says it is committed to help develop local businesses so that they can support the operation over the coming decades. It will also be a significant employer, creating 2,100 jobs during construction and 1,000 mining and processing jobs once in production.

Rio Tinto Chief Executive Jakob Stausholm said: “We have great confidence in the Jadar project and are ready to invest, subject to approvals. Serbia and Rio Tinto will be well-positioned to capture the opportunity offered by rising demand for lithium, driven by the global energy transition and the project will strengthen our offering, particularly to the European market. It could supply enough lithium to power over one million electric vehicles per year.”

He adds: “The Jadar deposit and its unique mineral, jadarite, discovered by Rio Tinto geologists in 2004 contains high-grade mineralisation of boron and lithium, supporting a long-life operation in the first quartile of the cost curve for both products. We are committed to upholding the highest environmental standards and building sustainable futures for the communities where we operate. We recognise that in progressing this project, we must listen to and respect the views of all stakeholders.”

Rio Tinto says it continues to work with a wide group of local and global experts across all aspects of the environmental, social and governance impacts and has done so for many years. “For example, to date we have finalised 12 environmental studies and more than 23,000 biological, physical and chemical analyses of air and water. This consultation is ongoing and will continue to inform our final submissions for approval.”

Related...

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

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...

Minister of Mining And Energy

Mining Has Serious Development Potential

The value of Serbia's mineral wealth totals in excess of 200 billion dollars, and that wealth should be used in a sustainable way –...

The Jadar development will include an underground mine with associated infrastructure and equipment, including electric haul trucks, as well as a beneficiation chemical processing plant. To minimise the impact to communities, it will be built to the highest environmental standards, including utilising dry stacking of tailings. This innovative method allows the dry tailings to be progressively reclaimed with vegetation and soil with no need for a tailings dam. Water management will be state of the art with a dedicated facility resulting in approximately 70% of raw water coming from recycled sources or treated mine water.

First saleable production is expected in 2026 at a time of strong market fundamentals with lithium demand forecast to grow 25-35% per annum over the next decade. Following ramp up to full production in 2029, the mine will produce ~58,000 t of lithium carbonate, 160,000 t of boric acid (B2O3 units) and 255,000 t of sodium sulphate annually, making Rio Tinto one of the top ten lithium producers in the world. Based on this annual production of lithium carbonate, Rio Tinto aims to produce 2.3 million tonnes of lithium carbonate over the expected 40-year life of mine.

The next steps for the project are seeking an exploitation licence and receipt of regulatory approvals. This includes approval of the environmental impact assessment (EIA) studies, which will shortly be made available to the public for comment. The EIA is required for the commencement of works, with construction targeted to start in 2022.

Related Articles

Marijanti Babić, Country Head Serbia, Rio Tinto

Public Dialogue Is Crucial to the Future of Mining

The mining industry continues to evolve through the advance of technology, the raising of environmental protection standards and the way it engages communities that...

Marijanti Babić, Country Head At Rio Tinto, Project Jadar

Jadar Is An Exceptional Project

Serbia’s Jadar Valley is home to a high-quality deposit of lithium – a metal that’s critical to the global transition to a more sustainable...

The Jadar Project And All Administrative Acts Related To Rio Tinto Have Been Abolished

Prime Minister Ana Brnabic announced tonight that the government at today's session revoked the decree and spatial plan of the special purpose area for...

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

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...

Rio Sava Exploration Presents Plans For Jadar Project

By the end of 2021, an additional $ 200 million investment and 3 studies on environmental impact assessment Rio Sava Exploration, part of the Rio...

Minister of Mining And Energy

Mining Has Serious Development Potential

The value of Serbia's mineral wealth totals in excess of 200 billion dollars, and that wealth should be used in a sustainable way –...

“Jadar” Project Of Strategic Importance For Serbia

Prime Minister Ana Brnabic talked today with General Manager of Rio Tinto for Borates and Lithium Marnie Finlayson and the Director of Rio Sava...

Rio Reports Maiden Reserve In Serbia

A maiden ore reserve of 16.6-million tonnes, grading 1.18% lithium oxide and 13.4% boron trioxide has been declared at mining major Rio Tinto’s Jadar...