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

How to Still Find 10-Bagger Gold and Silver Stocks | Don Durrett

First Majestic Silver: Jerritt Canyon Is BACK!

Canada May Finally Be Backing Its Battery Supply Chain | John Passalacqua – First Phosphate

Recommended

Silver47 Pulls High-Grade Gold and Silver Assays from Nevada Vein Network At Kennedy

Canadian Gold Resources Taps Chernin as Interim CEO in Planned Transition

Related News

AbraSilver Resource: Constructive Assays on Argentina Project; Strong Balance Sheet

On April 6, AbraSilver Resource Corp. (TSXV: ABRA) reported constructive, high-grade assay results from two...

Saturday, April 10, 2021, 09:00:00 AM

Northwest Territories Diamond Industry Faces Economic Reckoning as Mines Near Closure

The Northwest Territories confronts a stark economic transition as its diamond mining industry, which generated...

Saturday, January 3, 2026, 03:31:00 PM

Rio Tinto Expands Lithium Portfolio with $6.7 Billion Arcadium Acquisition

Rio Tinto Group, the world’s second-largest mining company, has announced its agreement to acquire Arcadium...

Wednesday, October 9, 2024, 03:12:00 PM

Serbia Ends 35-Year Nuclear Power Ban for Energy Transition

Serbia’s parliament has voted to end its long-standing moratorium on nuclear power development. The decision,...

Monday, December 2, 2024, 12:55:26 PM

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