The president of the company Rio Tinto, Simon Thompson, and the executive director, Shinejd Kaufman, visited the Loznica region, after last month’s decision by the company’s management to allocate $ 2.4 billion for the project, it was announced today.
During a visit last weekend, Thompson said the project was important and had the potential for Serbia to seize the opportunity provided by the growing demand for lithium, driven by the global energy transition.
Kaufman, who has executive responsibility for the Jadar lithium borate project, said she was proud of what their team had achieved in Loznica since geologists discovered Jadar in 2004.
“I am also completely confident in continuing a world.class greenfield lithium project that will benefit the world and Serbia. A month ago, Rio Tinto allocated $ 2.4 billion for the Jadar project, provided it obtains all relevant approvals, permits and licenses, and we we continue our engagement with local communities, the Government of Serbia and civil society, “she said.
Kaufman, whose first visit to Loznica was her first international trip since she was appointed CEO of Rio Tinto Minerals earlier this year and easing pandemic travel restrictions, said the Jadar project was designed to the highest environmental standards and would be developed in a way that who can be “very proud” of that company.