Bosnia to invite investor interest in brown coal/bentonite mining concession.

By bne IntelliNews January 13, 2012
Bosnias Serb Republic government said it has decided to invite letters of interest in brown coal and bentonite exploitation concession. The Republic will ask investors to show interest in exploiting the Ljesljani basin in the northwestern municipality of Novi Grad, the government said in a statement following its weekly meeting. The basin has some 20 million tonnes of estimated lignite reserves and around 4.4 million tonnes of bentonite reserves, the statement said. The planned annual coal mining output at the basin is seen at 300,000 to 500,000 tonnes, while the investment in the exploitation ranges between BAM 23.4mn (EUR 12mn) and BAM 24.9mn. The annual revenue is estimated at some BAM 15mn. According to the government, this project could create 150 jobs and engage third parties in the exploitation process. The Serb Republic is one of the two autonomous parts that make up Bosnia. The other one is the Muslim-Croat Federation.

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