Investments in exploitation of Serbian jadarite profitable

Investments in exploitation of Serbian jadarite profitable

Rio Tinto Serbia General Manager Richard Storrie has stated that the first products with lithium from the Serbian jadarite were made this summer, adding that with this unique ore in the world Serbia could satisfy the needs for lithium in the European and the global market.

Storrie said that Rio Tinto is very satisfied with the jadarite research to date which shows that the planned investments will be profitable.

Near Loznica, western Serbia, there is a jadarite site with over 100 million tons, which could secure around 19 million tons of lithium, Storrie said at the third international conference on mineral resources in Serbia dubbed "Driving force of economic development".

He did not precise which type of products have already been produced from the Serbian lithium, but underlined that this is a sign that this project will be successfully realized and that Serbia will enjoy major benefits from it.

Jadarite is a unique boron mineral which contains lithium, and it was discovered by a team of Rio Tinto geologist in 2004.

We want to position Serbia in the world market of green minerals, Storrie said.

Jadarite is a unique mineral which contains both lithium and boron.