Memorandum of Understanding on the project “Jadar”

The Government of the Republic of Serbia and Rio Tinto signed a Memorandum of Understanding on the implementation of the Jadar Project which will enable the establishment of joint working groups in order to enable more efficient development of the Jadar Project is in the study phase and the process of obtaining licences in accordance With the law.

The “Jadar” project, which Rio Tinto develops in Serbia, relates to the development of deposits of lithium and world class borate. The project is currently in the middle of a study phase with a start of production expected in 2023, if the feasibility studies confirm sustainability and if all the necessary permits for its implementation are provided. Rio Tinto’s Energy and Minerals Executive Director Bold Batar said: “Rio Tinto sees Serbia as an attractive investment destination.” Prime Minister Ana Brnabić attended the signing of the Memorandum: “In order for the domestic economy to develop equally, it is necessary to start economic development at the local, and the Jadar project will significantly influence the development of Loznica and the entire region.”

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