Serbia exploits least natural resources in region

Serbia exploits the least amount of natural resources in the Western Balkans, where the biggest demand on the environment comes from Slovenia, the World Wide Fund for Nature (WWF) says in its latest report. Using a benchmark ... More

US Group WWRD takes over Steklarna Rogaška Glassworks

US glassworks group Waterford Wedgwood Royal Doulton (WWRD) has taken over Rogaška Slatina-based glassworks Steklarna Rogaška for an undisclosed sum. The new owner intends to increase production and preserve the ... More

China to give 25 million to support Serbian mining sector

China will set up a CNY 200 million (about EUR 25 million) fund to support cooperation with Serbia in the mining sector, Chinese Land and Resources Minister Jiang Daming has said. Jiang has announced the establishment of the ... More

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 ... More

Black Iron has received approval from Serbia

Black Iron Inc. (TSX:BKI) (FRANKFURT:BIN) has received approval from Serbia’s Commission for the Protection of Competition for its previously announced strategic investment and development arrangement with Metinvest B.V. in ... More

Kolubara reports RSD1.5 billion in profits by mid-year

Kolubara mining complex GM Milorad Grcic said on Sept. 29 that the company had posted RSD1.5 billion in mid-year profits, stressing that it was ready for the winter season and that was no cause for concern either on the part of ... More

U.S. embassy in Kosovo on investments in Trepca

The U.S. embassy in Pristina said on Monday State Department officials had told the New Generation Power consortium the Serbian government had no jurisdiction over the Trepca mining complex and advised the consortium to contact ... More

Talks on copper processing in RTB Bor for Finland

Finnish Ambassador in Serbia Pekka Orpana and Director General of the Copper Mining and Smelting Complex (RTB) Bor Blagoje Spaskovski conferred on Saturday over processing of copper for the needs of the Finnish and Nordic ... More

Swiss Glencore New contract with Trepca

The current management of "Trepca" claims to put in capital investment the millions gained from the sale of concentrate. According to the daily newspaper Koha Ditore, this social enterprise is expected to gain about 10 million ... More

Bulgarian Steel Mill 'Stomana' shows sings of growth

In October, Bulgaria's largest operational steel-maker Stomana Industry re-hired 100 metallurgy workers. The plant based in the city of Pernik is starting to regain the jobs it had to shed as the economic crisis kicked in. Back ... More

Mining sector in BiH

On the territory of Bosnia and Herzegovina mining and metallurgy began in the metal age, particularly copper and iron. Mining initially led to the development of handicrafts and later to industrial development. The oldest ... More

Bulgarian Kaolin buys Serbian Belorecki Pescar for EUR 1m

Bulgarian mineral extracting and processing company Kaolin said on Thursday it had acquired Serbian quartz sand quarry Belorecki Pescar through its local unit Jugo-Kaolin for EUR 1 million. The company has made commitments to ... More

Druzhba Glassworks to distribute BGN 29 million extraordinary dividend

The shareholders of Bulgaria’s manufacturer of glass bottles and jars Druzhba Glassworks, controlled by Greek peer Yioula Glassworks, voted yesterday extraordinary dividend of BGN 29 million, the company said in a press ... More

Holcim buys into aggregates maker

Swiss company Holcim, which operates the cement mills in Beli Izvor and Pleven, has acquired a stake in Pazardjik-based aggregates maker Vris, the company said. The transaction was executed by Holcim Quarry Materials, a ... More

Usje cement factory laid off 180 workers

The Usje cement factory has announced that it would lay off 180 people as a consequence of the economic crisis and added that downsizing would most probably continue. "Faced with the effects of the global economic crisis and ... More

Sale of Veles Topilnica

It will be known on March 12 whether the Topilnica smelter from Veles has been sold and whether it has an owner. The Creditors’ Committee will meet on this date and will decide about the sale of Topilnica, announced ... More

Srbijagas takes over Azotara?

The director general of Srbijagas Dusan Bajatovic declared there was a possibility of Srbijagas becoming the majoritiy owner of Azotara Fertilizer Co. and thereby eliminating Azotara’s debts. Bajatovic also said Srbijagas ... More

IFC Invests in Antea

IFC, a member of the World Bank Group, has agreed to provide €29.4 million in financing to Antea Cement to help the company build and operate a cement plant in Albania that would result in the creation of about 800 direct ... More

Cersanit to build tile plant in Romania

Polish bathroom fittings maker Cersanit will build a ceramic tiles plant in Romania to boost capacity by 17% and limit the impact of the strong zloty, its supervisory board head was quoted as saying on Thursday. “It ... More

Deripaska no longer interested in RTB Bor

Oleg Deripaska's Basic Element will not bid to become RTB Bor's strategic partner, it has been revealed. Last year, SMR, Basic Element's daughter company, was second-placed in the second tender to sell the eastern Serbia-based ... More