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Montenegro to launch tender for 30-year concession for Savnik wind farm

The Montenegrin government plans to launch a tender for a 30-year lease on 2 million square metres of land in the municipality of Savnik...

North Macedonia: Tender for gas link with Greece attracted five bids 

Five potential investors have submitted bids in a tender by natural gas transmission company Nomagas for the construction of the  Macedonian part of a...

ESG Considerations for Foreign Companies Operating in Serbia: Adapting to Local and Global Expectations

As foreign companies establish operations in Serbia, particularly in heavy industries, adapting to Environmental, Social, and Governance (ESG) standards becomes a critical aspect of their business...

Exploring Serbia’s Mining Potential: Main Foreign Companies Invested in the Sector

Serbia is known for its rich mineral resources, and the country has attracted the attention of several foreign mining companies seeking to tap into...

Serbia: Lessons Learned from Foreign Mining Companies’ Mistakes

Serbia holds abundant mineral resources, attracting the attention of foreign mining companies seeking to tap into the country's potential. These companies play a significant...

Serbia: Expansion of geological exploration

The volume of geological research in Serbia has increased significantly in the past ten years and in that period, dozens of exploration permits were...

Latest news

BHP moves to end options on eight Serbian exploration licences

BHP has issued termination notices for its Central Timok and Borsko exploration options in eastern Serbia, returning eight licences to Mundoro Capital when the notices take effect. The miner retains separate Trstenik and South Timok agreements, while Mundoro seeks partners to fund drilling on the returned licences.

Centerra proposes nearly C$4.1 million for 9.9% Mundoro stake

Centerra Gold has agreed to buy 12.374 million newly issued Mundoro Capital shares for approximately C$4.08 million (€2.60 million), in a proposed placement that would give it a 9.9% stake. The funding would support Mundoro’s exploration and working capital as it seeks partners for projects in Serbia, but the deal has not closed.

Northstone secures commitments for about EUR1.45 million Serbia placement

Northstone Resources secured commitments for a share placement worth about EUR1.45 million to fund exploration at its Tlamino gold-silver and Timok East copper-gold projects in Serbia. The financing will support drilling and technical studies, not mine construction.

European Energy weighs up to 1 GW complex in Bulgaria

European Energy is evaluating a renewable-energy complex in Bulgaria’s Dobrich region, centred on a wind project of up to 1 GW. The concept also includes solar generation, battery storage and infrastructure for industrial users.

JANAF halts Croatian crude flows after estimated 500 cubic metre spill

Croatian oil-pipeline operator JANAF halted crude transport on part of the Sisak-Slavonski Brod route after pipeline equipment was damaged near Prvca. The spill is estimated at 500 cubic metres.