Rio Tinto receives Jadar licence extension, commits further $20m funding
Published: Wednesday, 17 February 2016
Rio’s early stage jadarite mine in Serbia has the potential to supply 10% of global lithium demand and provide the company with an additional source of borates. A new licencing agreement coupled with extra financing, put the prokect on track for completion of a prefeasibility study in 2017.
Rio Tinto Minerals, the non-metallic
division of Anglo-Australian mining behemoth, Rio Tinto Plc,
has secured a licencing agreement and committed funding
necessary to complete a prefeasibility study (PFS) at its Jadar
lithium-borates project in Serbia by the end of 2017.