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.

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

Silver Is a Wild Animal, Gold Heads for $6,000 in 2026 | Craig Hemke

Is This the End of the Gold and Silver Rally? | Peter Grandich

Why Gold And Silver Stay High Even After Rate Cuts | Todd Bubba Horwitz

Recommended

TomaGold Confirms Presence Of Berrigan Deep Zone Following Geophysics

Antimony Resources Reports Massive Stibnite Mineralization Over 25 Metres At Marcus (West) Zone

Related News

Kosovo-Serbia Conflict: The Budding War Ignited By Car License Plates

Kosovo closed its main border crossing with Serbia on Wednesday after demonstrators on the Serbian...

Thursday, December 29, 2022, 03:33:00 PM

New Rio Tinto CEO Eyes $10 Billion From Divestments And Streamlining

Rio Tinto is targeting $5.0 billion to $10.0 billion of value creation from divestments and...

Friday, December 5, 2025, 10:23:00 AM

Serbia Leases Prime Belgrade Land to Trump’s Son-in-Law’s Company for 99 Years

On Monday, May 15th, the Serbian government signed an agreement with the American company Affinity...

Monday, May 20, 2024, 03:07:00 PM

Rio Tinto Eyes Canadian Lithium Production

Rio Tinto CEO Jakob Stausholm voiced the company’s interest in delving into lithium production in...

Friday, March 8, 2024, 07:01:00 AM

Rio Tinto Calls for Increased Exploration Amid Global Energy Transition Demands

Rio Tinto Group has issued a clarion call for the expansion of mineral exploration efforts,...

Monday, September 23, 2024, 01:03:53 PM