Over EUR 3bn to be invested in Serbian mining sector by 2020.

By bne IntelliNews September 13, 2011
Over EUR 3bn should be invested in the Serbian mining industry by 2020 and the number of people employed in the sector is seen growing to about 30,000, Tanjug news agency reported citing state secretary for mining Zlatko Dragosavljevic. According to Dragosavljevic, the long-term goal of the development strategy for the Serbian mining industry is to raise its share in the country's GDP from the current 2% to over 5% by 2020. Annual ore production should increase from 80 tonnes currently to 120 tonnes and annual revenues are seen rising from EUR 1.2bn to EUR 2.3bn by 2020, Dragosavljevic said. The state secretary presented a new bill on mining at the local chamber of commerce and said he expected the bill to be approved by government by end-September and by parliament by end-October.

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