Investments in Serbian mining sector may exceed EUR 3bn by 2020.

By bne IntelliNews August 3, 2011
Investments in Serbia's mining sector could exceed EUR 3bn by 2020 and the sector could employ around 10,000, broadcaster B92 reported citing state secretary in charge of mining Zlatko Dragosavljevic. According to Dragosavljevic, investors were interested above all in antimony, copper, lead and zinc mining as well as in silver and gold exploration. As regards coal mines, the perfect option would be that power utility EPS funds the opening of new mines itself, the state secretary also said. Unfortunately, given the current prices of coal and electricity, this is not possible, Dragosavljevic added and pointed out that EPS needs partners with fresh capital and contemporary technologies. Serbia's new law on mining will be discussed in parliament this autumn. The new legislation will be streamlined with EU directives and will hopefully be adopted before the end of the year, Dragosavljevic concluded.

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