Rio Tinto estimates 120mn tonnes of jadarite in Serbian site - Serb FinMin.

By bne IntelliNews March 19, 2013
Serb finance minister Mladjan Dinkic said global mining and resource group Rio Tinto has so far identified the reserves of 120 million tonnes of jadarite at the Jadar lithium borate deposit in Loznica, western Serbia, news agency Tanjug reported. Dinkic was speaking on Monday, March 18, after visiting the site. He said that by end-2012 Rio Tinto will receive analyses, which will show if it will be economically viable to invest in exploiting the deposit and will begin preparing a pre-feasibility study as of next year. Jadarite is a lithium-boron mineral that is used to produce mobile phone batteries. It was discovered in 2006 by Rio Tinto geologists in the Jadar valley in Serbia, after which it is named.

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