Source: Danas | Thursday, 26.11.2015.| 14:34
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Mineco is opening new mines in Serbia and Bosnia and Herzegovina - 300 people to work on lead and zinc exploitation at Bosilegrad by 2018

British company Mineco is planning to open two mines more by the end of 2016 cerussite mine in Olovo in Bosnia and Herzegovina with employment of app. 250 people and lead and zinc mine at Bosilegrad until 2018 where 300 people would work.

Mineco Limited, which manages "Sase" mine in Srebrenica with partners, also manages mines of zinc and lead “Veliki Majdan" and “Rudnik" and is one of the biggest investors in mining and energy. Apart from invested EUR 35 m in mining projects, the company has already investing additionally in mining project in the region.

Dominic Roberts, head of Mineco Limited, said the basic problem Mineco and other investors face is extensive bureaucracy in the stage of collecting essential permits for preparation and construction of capital projects and which moves on to new forms during later business. However, apart from that, he outlined the company has interest to continue investments in mine project due to extraordinary mining and geological potential, continuation of market liberalization and growing political decisiveness for market reforms.

Apart from increasing production scope at “Sase" mine, Roberts also announced new long-term company investments in Bosnia and Herzegovina and Serbia.

According to Roberts, Mineco, along with these projects, is conducting findings of lead and zinc so far near Foca and is planning new investment in other research projects in Bosnia and Herzegovina and Serbia.

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