Law on Mining

Amendments and Supplements of the Law on Mining and Geological Explorations - creating conditions for more efficient and sustainable management of mineral and other geological resources of Serbia and increasing investments in geological research and mining.

As the final, 4th set of information on recently adopted Laws on Mining and Energy, JPM Senior Partner Jelena Gazivoda, with Partner Nikola Djordjevic and Senior Associates Bojana Javoric and Marko Mrdja, analyze the goals and effects of the new regulations.

The estimated value of confirmed mineral reserves in Serbia is around 200 billion dollars, and one of the goals is to increase the share of the mining sector in GDP from the current 1.9 percent to four to five percent in the next five years, by more efficient use of this mineral wealth. The amendments to the law also expand the competencies of the Geological Survey of Serbia, as the most important institution in this field, and enable, for the first time, the establishment of the Chamber of Mining and Geological Engineers of Serbia, which would gather experts of various profiles.

The full article can be found HERE.

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