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[BUSINESS] · Bosnia & Herzegovina, Germany, Canada · 3 sources

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Mining projects in Bosnia and Herzegovina spark environmental and political concerns

The Austrian newspaper Standard reports on a series of mining projects in Bosnia and Herzegovina that are causing significant environmental concern among local citizens. Key areas of interest include Majevica, Ozren, Jezero, and Vareš, where international companies are exploring or exploiting mineral resources.

In the Majevica region, Swiss mining firm Arcore AG has received permits for exploratory drilling. The site is estimated to contain 1.5 million tons of lithium carbonate, 94 million tons of magnesium sulfate, and 17 million tons of boron. Arcore AG has partnered with the Canadian-German company Rock Tech Lithium to supply lithium for a processing plant in Germany, intended to support the production of approximately 500,000 electric vehicle batteries annually. Extraction is planned to begin in 2028.

Local residents and the association ‘Čuvari Majevice’ have expressed fears that mining could contaminate the Gnjica and Janja rivers. The situation also carries political weight; reports suggest Milorad Dodik is seeking international support for these projects. It is alleged that Dodik offered US President Donald Trump a raw material exploitation agreement similar to the US-Ukraine model to secure political backing.

Other regional projects include nickel exploration in Ozren and gold, silver, and copper exploration in Jezero by the Australian company Lykos Metals, which has also raised concerns regarding the Pliva and Vrbas rivers.

Entities

Arcore AG · Majevica · Milorad Dodik · Rock Tech Lithium · Standard

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