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Home / Metal News / Rio Tinto approves US $200 million for Jadar Lithium Mine Project in Serbia

Rio Tinto approves US $200 million for Jadar Lithium Mine Project in Serbia

Aug 3, 2020 15:39

Source:SMM compilation

SMM7, March 30 / PRNewswire-Asianet /-- Rio Tinto said Thursday it has approved nearly US $200 million to finance the feasibility study of the Jadar lithium mine in Serbia and hopes to complete the research and design of the project by the end of 2021 with increased environmental awareness.

The Jadar deposit contains advanced mineralized layers of boron and lithium, and geologists in Rio de Janeiro discovered a unique mineral jadeite near (Loznica) in the city of Loznita in western Serbia in 2004.

Rio Tinto completed a detailed exploration of the Jadarite deposit in February 2020, and the results of the drilling program have now been included in the update of the geological model.

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