Ministry Of Mining And Leading Mining Companies Participate In Nstlaw And CANSEE Panel Discussion

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

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

Nenad Stanković, Founder and Managing Partner of Stanković 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 Rakić, Balkan Gold, Mr. Dušan Simić, Jantar Group, and Mr. Marijanti Babić, 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 to result in the modernisation of the mining sector, and that the aim of the Law was to remove inadequacies observed in practice duringimplementationofthepreviouslegislation.

When asked about the new possibility for investors and the Republic of Serbia to conclude investment agreements, Marijanti Babić 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 and Greece. Such agreements will be regulated in more detail through additional bylaws that will be passed in due course. Babić also noted that the novelty in terms of bank and corporate guarantees was important and was favourable and stimulating for investors.

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

Simić stated that the amendments to the Law that introduced classification of (solid) mineral resources and the classification of 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 Rakić noted that the amendment to the Law that referred to authorisations 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 Ambassador 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 to the organisation of this panel discussion.


H.E. Giles Norman, Ambassador Of Canada To Serbia

80th Anniversary Of Diplomatic Relations

We are today enjoying positive bilateral relations that have the potential to expand and grow stronger. Relations between Serbia and Canada are multifaceted. Canada’s...


Smart Enough, But Not Yet Fast Enough

Over the last five years, we’ve seen coordinated efforts among different state bodies aimed at supporting the national innovation ecosystem and building stronger ties...

Anđelka Atanasković, Economy Minister Of The Republic Of Serbia

We’ll Encourage The Modernisation Of Production Processes

Today’s market is ever more demanding and competitive, and companies that miss out on transforming digitally and don’t encourage innovation face the possibility of...

Marko Čadež, President Of The Chamber Of Commerce & Industry Of Serbia

We Connect Science And The Economy

If we wish to raise the technological level of our economy, it is important to secure favourable conditions to raise credit for the procurement...


Evaluating the Public Administration

User experience is very important in developing good services. The citizens of Serbia have recently had the opportunity to...

Where Does Your Ice Cream Come From?

In 2020, the EU produced over 2.9 billion litres of ice cream, representing a 9% decline from the previous year. Over the...

Proposed New Projects For Financing From Investment Framework For Western Balkans

Minister of European Integration and national IPA coordinator Jadranka Joksimovic proposed on behalf of the government, within the sixth...

Farewell Reception For Ambassador Sem Fabrizi

Ambassador of Italy to Serbia, H.E. Carlo lo Cascio was the host of the reception in honour of the...

Cooperation Agreement Signed With American Company On Solar Power Plants

Deputy Prime Minister and Minister of Mining and Energy Zorana Mihajlovic signed today, in the presence of President of...