Canada-based mining and exploration company Erin Ventures has completed an exploration drill program required in order to obtain a mining licence for its Piskanja boron property in Serbia, the company said on its website. Piskanja is located about 250 km south of the Serbian capital of Belgrade. Earlier this month Erin said it had obtained exploration licence for additional territory within the Jarandol Basin that hosts two known borate deposits, the Piskanja boron property and the Pobrdje boron mine, operated by Serbian state-owned company Ibar Mines. The licence is valid until December 15, 2015 and covers an area totalling 35.2 square kilometres. Boron is a mineral used in the high tech industry. Borate minerals and refined borate products are used in the production of fibreglass insulation, textile fibreglass, LCD screens, ceramic glazes and porcelain enamels. |
Serbia's foreign debt rose an annual 4.7% y/y to EUR 25.4bn at end-February after climbing 6.6% on the year in January, central bank data showed. In monthly terms, however, the external ... more
Swedish company Ericsson said it has signed a five-year managed services contract with Vip Mobile - the Serbian arm of Telekom Austria Group. The agreement includes field maintenance services for ... more
Norwegian telecommunications firm Telenor and France's Societe General are seen as possible buyers of the Serbian unit of Belgium's KBC Group, which has been on sale for several years now, a ... more