Rio Tinto Exploration Licenses for Serbian Lithium Project Revoked -- Reuters
January 20 2022 - 2:15PM
Dow Jones News
--Serbia's government has revoked all licenses related to Rio
Tinto PLC's exploration for lithium, Reuters reported Thursday.
--Prime Minister Ana Brnabic told reporters the government's
decision came after requests from various environmental
organizations to halt the mining company's project in the country,
Reuters said.
--The U.K.-Australian company earlier this week said that due to
license delays, first saleable production from the Jadar
lithium-borate project in Serbia is now expected no earlier than
2027, a year later than previously planned.
--In late July, Rio Tinto said it was committing $2.4 billion to
the Jadar project, which it expected would position it as the
largest source of lithium supply in Europe for at least the next 15
years.
Full story at
https://www.reuters.com/business/retail-consumer/serbian-government-revokes-rio-tintos-licences-lithium-project-2022-01-20/
Write to Robb M. Stewart at robb.stewart@wsj.com
(END) Dow Jones Newswires
January 20, 2022 14:00 ET (19:00 GMT)
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