News in English     | 12.10.2020. 13:09 |

Novalić: 'Eastern Mining' offers a future to Vareš

FENA Muhamed Hadžibegić

VAREŠ, October 12 (FENA) - Eastern Mining has been founded in Vareš in the former Energoinvest zinc, lead and barite mine and offered a future to this region, which is experiencing real crisis after the collapse of the Vareš ironworks, said FBiH Prime Minister Fadil Novalić during today's visit to the company.

He added that this company is a partner with international experience and capable to implement anything they wish to.

“At the moment, they have been performing operations on which about 20 million dollars have been spent, and the idea is to open a mine of zinc, lead, gold and barite, in which up to 180 million dollars would be invested. The FBiH Government is now servicing 10 large companies that have daily access to it, and this company will also have such a status,” said Novalić.

He announced that the preliminary design for the continuation of the Vareš - Banovići railway could be completed soon, which would connect Vareš with the two largest centers in the Federation, Sarajevo and Tuzla.

FBiH Minister of Energy, Mining and Industry, Nermin Džindić, pointed out that the line ministry in 2018 gave a decision on geological reserves for three mineral raw materials, which is still in force.

“We expect the local authorities to issue an urban permit soon, the issuance of an environmental permit is nearing completion, after which we can issue a decision on the rights to exploitation,” said Džindić.

Adnan Teletović, executive director of Eastern Mining, which is the holder of the concession for exploration and exploitation in Vareš and is owned by the British company Adriatic Metals, said that the company plans to improve the community in which they work and live.

“Our intention was and still is to respect the mining tradition of Vareš, but improved in all elements of modern business,” Teletović added.

(FENA) A. B.

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