Posted on 01/21/2022 8:58:56 AM PST by Enterprise
Serbia revoked Rio Tinto's (RIO.L) lithium exploration licences on Thursday, bowing to protesters who opposed the development of the project by the Anglo-Australian mining giant on environmental grounds.
Serbian Prime Minister Ana Brnabic said the government's decision came after requests by various green groups to halt the$2.4 billion Jadar lithium project which, if completed, would help make Rio a top 10 lithium producer.
"All decisions (linked to the lithium project) and all licences have been annulled," Brnabic told reporters after a government session. "As far as project Jadar is concerned, this is an end."
Earlier this week, Rio had pushed back the timeline for first production from Jadar by one year to 2027, citing delays in key approvals.
Rio Tinto said it was "extremely concerned" by Serbia's decision and was reviewing the legal basis for it.
(Excerpt) Read more at michaelsmithnews.com ...
Well, I hope it was worth it to kick the tennis player out. Australia’s leaders can explain it to all the unemployed diggers.
And the idea of Australian officials complaining about legal niceties is the ironic icing on the cake.
I’m pretty happy with that choice.
If Australia can make decisions, so can Serbia.
And Serbia can find some other party to mine the goods.
After all, they found other people to play games.
With protests that big back in Serbia, I’d say Australia lost. Game, set, match.
I never thought I’d be standing with Serbia against Australia, but here we are. The Aussies have truly crapped the bed.
Well, I’d bet a lot that a lot of those unemployed “diggers” are or would be Serbian. This is no way to do business. In fact, it is neanderthal.
about time for a dose of FREEDOM to be delivered to Serbia...
Yup. Djokovic is against the mine.
Yup.
And a very good thing too.
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