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 in a New Price Regime, and the Market Isn’t Used to It | Keith Neumeyer – First Majestic

Agnico Eagle Just Made a Massive Gold Land Grab

A Copper-Gold Deposit Caught the White House’s Attention | Rob McLeod – Cambria Gold

Recommended

Antimony Resources Drills 4.38% Sb Over 7.05 Metres At Bald Hill In Final Hole Of 2025 Program

Kirkland Lake Drills 121 Metres Of 1.01 g/t Gold At Mirado

Related News

Thousands Protest Against Rio Tinto Lithium Mine in Serbia

Protesters in Sabac, located about 50 kilometers northeast of the proposed mine site, demanded the...
Tuesday, July 30, 2024, 07:59:16 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

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

Uranium Energy Corp Drops $150 Million To Acquire Roughrider Uranium Project

What’s the value of a historic deposit within the Athabasca Basin of Saskatchewan? If you’re...

Wednesday, October 12, 2022, 08:16:00 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