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

Homeland Nickel Signs Binding Offtake With Westwin for 20,000 Tonnes of Concentrate a Year

Golden Cariboo’s First Quesnelle Resource Estimate Tallies 1.19 Million Gold Equivalent Ounces

Related News

Uranium Energy Corp To Acquire Rio Tinto’s Wyoming Uranium Assets For $175 Million

Uranium Energy Corp (NYSE: UEC) has acquired additional uranium assets. The company has entered into...

Monday, September 23, 2024, 09:21:25 AM

Serbian President Vucic Announces Resignation and Snap Elections

Serbian President Aleksandar Vucic announced Saturday that he intends to step down within weeks, cutting...

Saturday, June 27, 2026, 01:31:11 PM

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

Skyharbour Options 51% Stake In Rio Tinto Uranium Property

Rio Tinto appears to be rather uninterested in the Athabasca Basin. It was announced this...

Thursday, May 19, 2022, 08:38:40 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