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Mining in Bosnia is again becoming one of the leading industries in Bosnia and Herzegovina

Mining in Bosnia is again becoming one of the leading industries in Bosnia and Herzegovina

September 15th, 2018  

From the oldest Illyrian and Roman time, Bosnia was known for gold, silver, iron, copper, coal, and others. The production of metal swords, hooves, knives, buzdovan gave great impetus to the development of the Illyrian society, which defended themselves from the Romans for 250 years, and later as Roman emperors, the soldiers and the Navy gave a special contribution to the development of the Roman state. With the advent of the Aurstrougarska region at the end of the XIX century, research continued and found almost all ores that exist especially on the mountain spleen. After the end of the war in Bosnia and Herzegovina in the 21st century, foreign investors are working on mining.

US company „Shell „ found oil in Herzegovina around Dreznica, around Tuzla, and Prijedor.

Australian company “Adriatic metals” has found gold in the vicinity of Vares, 50 Km from Sarajevo. “The results are multifaceted, so we found that the mineralized layer goes deeper than we assumed, and the quality of the ore proved to be outstanding,” said Adriatic Metals CEO Geraint Harris. Plans are to invest in the exploitation of an additional 10 million dollars.

gold

The British company Mineco Limited will finish all necessary infrastructure work on the surface and underground facility at the Lead Olovo in Olovo this year, after which all operating capacities would be upgraded in 2018 and there would be employed close to 200 workers. In the lead mine, 120,000 tons of ore will be dug in 2018, which will increase to a maximum of 150,000 tons in the next three years. The ore will be processed at the mine Sasa near Srebrenica, but not longer than three years, since these jobs will be carried out in Olovo. The final products will be exported and sold on international metal markets, or potentially complementing the current supply of the “Fregat” lead smelter in Russia, which is a part of Mineco for the production of pure metals.

Red Rock Resources PLC, a material and resource research company, announced today that it acquired ownership at Steelmin Ltd. They have reached a financial agreement, according to which Steelmin will finance to secure the reconstruction of the plant of the ferroalloys plant in Jajce, writes London South East. Red Rock said it had gained 17 percent in the London Steelmine Company.