Rio Tinto’s Not Having A Great Time In Serbia: Capital Erupts in Protest Over Controversial Lithium Mine

Tens of thousands of protesters flooded the streets of Belgrade, Serbia’s capital, on Saturday to voice their opposition to Rio Tinto‘s (ASX: RIO) proposed lithium mining project in Western Serbia. 

The demonstration, which began in July and saw participants chanting slogans like “You will not dig” and “Rio Tinto leave Serbia,” was sparked by the government’s recent decision to reinstate the mining giant’s license for what could become Europe’s largest lithium mine.

The $2.4 billion Jadar project, situated in the agriculturally rich Jadar Valley, has been a source of contention since its inception. While government officials argue that the mine would significantly boost Serbia’s economy and potentially cover 90% of Europe’s current lithium needs, environmentalists and local farmers fear irreversible damage to the region’s land and water resources.

The protest, which the Interior Ministry estimated to involve between 24,000 and 27,000 people, saw demonstrators taking over two main railway stations in Belgrade, with some lying on the tracks to obstruct operations. This action prompted warnings from Interior Minister Ivica Dacic, who stated that charges would be filed against those breaking the law.

Altamira Gold Corp. — sponsored Sponsored · Altamira Gold Corp.

The controversy surrounding the mine has taken on political dimensions, with government officials claiming the protests are aimed at undermining President Aleksandar Vucic’s administration. Vucic himself alluded to information from Russia about a potential coup being planned in Serbia.

The resurgence of the Rio Tinto project comes just two years after it was initially halted due to environmental concerns. Its revival is partly linked to a recent agreement signed by Vucic, German Chancellor Olaf Scholz, and EU Energy Commissioner Maros Sefcovic, granting EU member states access to raw materials mined in Serbia, including lithium.


Information for this story was found via BBC, Reuters, and the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Everybody Should Own Gold | George Bee – U.S. Gold Corp.

A $40M Company Created $2B in Mining Value | John-Mark Staude – Riverside Resources

The Debt Crisis Is Turning Gold Into Money | Shawn Khunkhun – Contango Silver and Gold

Recommended

First Majestic Produces 3.4 Million Ounces of Silver in Q3 2026, Jerritt Canyon Restart Remains on Track

Altamira Gold Drills 134 Metres of 0.5 g/t Gold at Maria Bonita, Hole Ends in Mineralization

Related News

Rio Tinto Increases Ownership In Western Copper and Gold To 9.7%

Western Copper and Gold (TSX: WRN) has secured further financial support from Rio Tinto, who...

Tuesday, November 28, 2023, 08:45:34 AM

Rio Tinto Explores Potential Bid for Teck Resources

Rio Tinto (NYSE: RIO), the world’s second-largest mining company, is reportedly considering potential takeover bids...

Friday, July 12, 2024, 10:47:00 AM

Native American Group to Take Fight Against Arizona Copper Mine to US Supreme Court

A Native American group has declared their intent to escalate the battle against Rio Tinto’s...

Thursday, May 16, 2024, 10:41:00 AM

Kosovo-Serbia Conflict: Headed Towards Invasion?

On the first anniversary of the 2023 Ohrid deal, Kosovo President Vjosa Osmani has demanded...

Wednesday, March 20, 2024, 08:02:40 AM

Rio Tinto “In The Process of Terminating All Commercial Relationships” With Russian Firms

Rio Tinto (NYSE: RIO) became the latest multinational firm to sever ties with Russian businesses....

Friday, March 11, 2022, 09:17:00 AM