Rio Tinto Looking to Jumpstart Serbia Lithium Project, Outgoing Chairman Says
May 04 2022 - 10:59PM
Dow Jones News
By Rhiannon Hoyle
Rio Tinto PLC will seek to get plans for a new lithium mine in
Serbia back on track following last month's elections in the
country, outgoing Chairman Simon Thompson told an Australian
shareholder meeting on Thursday.
Serbia in January revoked Rio Tinto's licenses for the Jadar
lithium project following community protests over environmental
concerns. Mr. Thompson said an inability to publish Rio Tinto's
environmental studies--which he said need to first be approved by
the government under local rules--led to "a bit of a vacuum" and
the spread of misinformation about the project leading into the
April elections.
Serbian President Aleksandar Vucic was re-elected, although his
Serbian Progressive Party fell short of a majority in the
concurrent parliamentary election.
"We very much hope that we will be able to discuss all of the
options with the government of Serbia now the elections are out of
the way to see whether we can progress this project," Mr. Thompson
told investors.
Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com
(END) Dow Jones Newswires
May 04, 2022 22:44 ET (02:44 GMT)
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