19.9 C
Belgrade
Supported byspot_img
spot_img

Exploring the newly discovered gold and mineral deposits on Mount Rogozna in Serbia

Member of Europium Groupspot_img
Supported byspot_img
To date, significant drilling efforts on Mount Rogozna, where this deposit is located, have revealed substantial quantities of gold, copper, lead and zinc. “We’ve discovered calcium carbonate in Serbia. It’s like a blessing. Just a few days ago, I received news of an entirely new gold deposit found in one of Serbia’s most impoverished regions. If I had chosen a different municipality, I might never have found it. It’s in southeastern Serbia,” stated Aleksandar Vučić, the President of Serbia, over a year ago, sparking widespread curiosity about its exact location. However, speculation persists regarding its precise whereabouts. Since the beginning of the month, when initial information about a project on Mount Rogozna in Novi Pazar emerged, revealing significant gold, copper, lead, and zinc deposits in certain areas, many believe this might be the site. If indeed it is Mount Rogozna, it could mark the second discovered deposit after the Čoka Rakita site in the Žagubica municipality, which is already considered one of the world’s top 100 gold deposits. There has been no official confirmation or response from authorities regarding whether Mount Rogozna matches the President’s description. However, ongoing work at the site suggests significant progress. When queried about the project’s specifics, the Ministry of Energy underscored the economic benefits of opening new mines, both for regional development and national growth. Each new mine activation stimulates related industries and trade. Preliminary analyses suggest that for every miner employed, an additional four workers find employment in mining-related sectors. Regarding the potential of Rogozna, the ministry confirmed that geological research is being conducted by “Zlatna Reka Resources LLC” across four exploration areas, with particular emphasis on the Šanac field due to promising findings of gold, copper, lead and zinc. While permits for geological exploration on Mount Rogozna have been granted to “Zlatna Reka Resources LLC,” the ministry emphasized its role in enforcing legal regulations rather than influencing corporate decisions. There is a possibility of the Serbian government and the investor entering into an investment agreement to address infrastructure development, environmental protection, preferential purchasing rights for domestic processors, and fiscal benefits. The state’s role will primarily be to recognize the project’s potential, considering its strategic importance and its impact on the environment, local communities, and economic growth.
Supported byElevatePR Digital

Related News

Overcoming the copper supply challenge: Implications for U.S. renewable energy goals

A recent University of Michigan study sheds light on a concerning gap in copper production essential for meeting renewable energy targets in the United...

Unlocking renewable energy potential: The role of renewable hydrogen in storage and decarbonization

Renewable electricity can be effectively stored by converting it into renewable hydrogen or ammonia through the process of electrolysis. These fuels can be utilized...

Empowering renewable energy: Harnessing the potential of renewable hydrogen for storage and decarbonization

Batteries play a crucial role in providing short-term flexibility to the energy system, offering advantages such as geographical and sizing flexibility. Unlike some other...

Energy storage: Enabling clean alternatives and job creation in coal-dependent regions

Energy storage is particularly relevant to carbon-intensive and coal regions, as it provides a cleaner alternative to hard-to-abate industries and traditional fossil-fuel-powered thermal plants...
Supported by
Supported by
Supported by
error: Content is protected !!