RIO 0.56% $113.81 rio tinto limited

BELGRADE, June 13 (Reuters) - Anglo-Australian miner Rio Tinto...

  1. 191,305 Posts.
    lightbulb Created with Sketch. 2802

    BELGRADE, June 13 (Reuters) - Anglo-Australian miner Rio Tinto RIO.L (RIO) said on Thursday newly published environmental studies showed that its Serbia lithium project, which was stopped in 2022 after massive protests, would be safe for the environment.

    If implemented, the $2.4 billion Jadar lithium project in Western Serbia could cover 90% of Europe's current lithium needs and help to make the company a leading lithium producer.

    Lithium, largely used in batteries for electric vehicles (EV) and mobile devices, is regarded as a critical material by many major economies.

    On Thursday, Rio's Serbian unit made public several environmental studies conducted over the past six and a half years.

    "Results of scientific research show that the Jadar project can be realised safely by respecting highest domestic and international environmental standards," the company said in a statement.

    Serbian President Aleksandar Vucic said in January authorities wanted to hold further talks with Rio about the project and welcomed public discussion on whether it should go ahead.

    Just ahead of the country's 2022 general elections, Serbian leaders revoked Rio's licence for the project, bowing to a 30,000-signatures-petition from environmental groups and local communities.

    Green activists say the mine will be opencast and pollute water supply, causing more environmental damage in Serbia, already one of Europe's most polluted countries.

    Rio's representative in Serbia, Marijanti Babic, said in Thursday's statement that the company had published studies in order to "renew a public dialogue" about the project.

    "These studies give an opportunity to local community and all interested parties to see for themselves what had been done so far."

 
watchlist Created with Sketch. Add RIO (ASX) to my watchlist
(20min delay)
Last
$113.81
Change
-0.640(0.56%)
Mkt cap ! $42.24B
Open High Low Value Volume
$114.59 $114.83 $113.58 $112.7M 987.6K

Buyers (Bids)

No. Vol. Price($)
1 1000 $113.80
 

Sellers (Offers)

Price($) Vol. No.
$113.81 6368 1
View Market Depth
Last trade - 16.10pm 23/07/2024 (20 minute delay) ?
RIO (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.