Tag: lithium mine

  • Protests, Politics, and Lithium: Serbia’s Unrest Tests the EU’s Democratic Credibility

    Protests, Politics, and Lithium: Serbia’s Unrest Tests the EU’s Democratic Credibility

    As student-led pro-democracy protests sweep across Serbia, tensions between citizens and Brussels are deepening, exposing the European Union’s struggle to balance its democratic principles with its strategic green industrial ambitions.

    The unrest, sparked by last year’s Novi Sad tragedy in which a newly built railway canopy collapsed and killed 16 people, has evolved into a nationwide movement demanding transparency and reform. But after nearly a year of demonstrations, violence erupted again this week — a shooting and arson attack outside the Serbian parliament left one person injured and further inflamed an already volatile political climate.

    President Aleksandar Vučić has responded to growing dissent with increasingly aggressive rhetoric. Visiting a vandalised party office in August, he pledged to “act faster, stronger,” portraying the protesters as part of a campaign of “terror.”

    Meanwhile, frustration with the EU is reaching historic levels. Serbia has been an EU candidate since 2012, but progress toward membership has stalled amid concerns about democratic backsliding, media repression, and ties with Russia and China. Despite these issues, Brussels continues to provide around €1.8 billion in annual funding through grants and pre-accession support.

    The European Parliament recently passed a resolution condemning “state repression and political polarisation,” while Enlargement Commissioner Marta Kos described the violence as “deeply concerning.” But for many Serbs, such statements ring hollow. Public confidence in the EU has plummeted from 64% in 2020 to just 33% in 2025 — the lowest in the Western Balkans.

    Analysts suggest that part of this disillusionment stems from the controversial Jadar Valley lithium mine, a cornerstone of the EU’s green transition strategy. Developed by Rio Tinto, the mine is projected to meet up to 90% of Europe’s lithium needs by 2028, supporting the bloc’s electric vehicle and renewable energy ambitions. Yet 63% of Serbs oppose the project due to environmental and agricultural risks, seeing it as a symbol of EU-backed exploitation rather than partnership.

    Critics like University College London professor Eric Gordy argue that “the EU knows the project cannot succeed under a truly democratic Serbian government,” given the public’s strong opposition. The mine’s use of toxic sulphuric acid, in one of Serbia’s key farming regions, has only heightened fears.

    Srdjan Majstorović of the Centre for European Policy in Belgrade warns that the EU’s hesitancy to confront Vučić’s increasingly authoritarian government risks alienating a generation of young Serbs who once saw Europe as a model of democracy. “The long-term viability of European interests in Serbia,” he said, “depends on democratic governance, not transactional politics.”

    Without a change in tone, he added, the EU may soon face the sentiment voiced in a popular Serbian song: “Where were you when I was nobody… how can I trust you now?”

  • Environmental Activists to Rally Against Rio Tinto’s Lithium Mine Project in Serbia

    Environmental Activists to Rally Against Rio Tinto’s Lithium Mine Project in Serbia

    Environmental activists and opposition groups are set to gather in the center of Serbia’s capital on Saturday, demanding a halt to the Rio Tinto Group’s $2.4 billion project to open Europe’s biggest lithium mine. The ongoing controversy highlights the significant challenges of developing new mines in Europe, especially as governments strive to secure supplies of critical minerals like lithium, essential for the energy transition. For Rio Tinto, the world’s second-largest miner, the Serbian mine is a key project aimed at reducing its dependence on iron-ore.

    The project was initially halted in 2022 following widespread protests by environmental activists concerned about the potential heavy pollution from mining and processing the metal, which is vital for battery production. However, Serbia’s top court lifted the ban last month, reigniting opposition. The upcoming rally follows a series of small protests across the country, with growing anger towards President Aleksandar Vucic for his strong support of the project.

    The Vucic administration has promoted the project as a significant economic opportunity, with Finance Minister Sinisa Mali suggesting that lithium mining—if combined with local battery and electric vehicle production—could boost Serbia’s economic output by as much as €12 billion annually. Recently, Serbian and EU officials signed an agreement to secure critical raw materials across the bloc, with lithium being a central focus. Additionally, Mercedes Benz chief Ola Kaellenius and representatives from Stellantis carmaker have expressed interest in investing in developing EV batteryproduction in the region.

    Despite these assurances, activists remain unconvinced, rejecting the government’s claims that the mine will adhere to strict environmental standards.

  • French Government Declares Imerys Lithium Mine a Project of “Great National Importance”

    French Government Declares Imerys Lithium Mine a Project of “Great National Importance”

    The French Government has designated the planned lithium mine in the Allier department in central France as a project of “great national importance.” This project has been entrusted to the French company Imerys. The Échassièresproject in Allier, a €1 billion investment, would be the first mine opened in France in nearly 50 years. According to Imerys, the mine would enable lithium production starting in 2028, sufficient to fill 700,000 batteries annually for at least 25 years, as reported by Le Monde.

    The decision to declare the lithium mine in Allier a project of great national importance was announced by the government in Paris in the official gazette on July 7. This special status, introduced by the Green Industry Act passed in October 2023, allows industrial projects deemed significant for national sovereignty and ecological transition to benefit from acceleration measures or administrative exemptions to facilitate their development.

    As reported by the French newspaper, the Imerys “Emili” project for lithium extraction is part of France’s policy aimed at building a new national sector for strategic minerals and metals to reduce dependence on imports, primarily from China. According to the plan, lithium extraction and processing will be located in Échassières, in an underground mine within the Beauvoir quarry complex, where Imerys has been exploiting kaolinite for ceramics since 2005. Storage will be handled in Saint-Bonnet-de-Rochefort, approximately 15 kilometers away, and the processing plant will be in Montluçon, 49 kilometers away. Lithium transportation will be conducted underground or by train.

    Imerys plans to create 500-600 jobs and indirectly employ another thousand workers. The project, first announced in 2022, is supported by the French state and government, as well as the leading political parties in the country, including the opposition, with the exception of Unsubmissive France, which criticizes it mainly because the excavation work has been entrusted to a private company. The public debate on the lithium mine in France lasted from March to July 31, with its results to be published by the National Public Debate Commission in October, as reported by Tanjug.

  • Protests Erupt in Serbia After Court Reinstates Rio Tinto’s Lithium Mine Permit

    Protests Erupt in Serbia After Court Reinstates Rio Tinto’s Lithium Mine Permit

    Protests erupted in Serbia following a ruling by the constitutional court that overturned a 2022 government decision to revoke Rio Tinto’s permit for a $2.4 billion lithium mine, deeming the annulment unconstitutional and unlawful. This decision aligns with the government’s preparation to grant Rio Tinto new approval to develop Europe’s largest lithium mine, a project previously halted due to extensive environmental protests.

    The court found that the government decree terminating the spatial plan for Rio Tinto’s Jadar lithium mine and processing plant in Loznica was inconsistent with the constitution and the law. This ruling, issued on July 11, permits Rio Tinto to continue with its controversial project pending government approval. Rio Tinto has welcomed the decision, expressing optimism about advancing the Jadar lithium project, which is expected to become a significant source of lithium carbonate—vital for batteries used in mobile phones and electric vehicles.

    Serbia’s finance minister, Sinisa Mali, highlighted lithium’s potential economic impact, suggesting it could contribute up to 16% of the GDP and create approximately 20,000 jobs, comparing it to the significance of oil. However, opposition figure Dragan Djilas criticized this comparison, pointing out that countries with oil typically extract it in remote areas, with the state often owning the resources, unlike the situation with Rio Tinto.

    The court’s decision has led to widespread discontent, with over a thousand protestors gathering outside the court on July 11, blocking a major street in central Belgrade despite extreme heat. Savo Manojlovic from Kreni-promeni, a key figure in the 2021 and 2022 protests, accused the court of timing its decision to align with authorities’ renewed support for the project. Serbia’s President Aleksandar Vucic denied any coordination or political interference with the court.

    Earlier this year, opponents submitted a petition with over 38,000 signatures seeking a nationwide ban on lithium and boron mining, but the National Assembly of Serbia did not address it. The government has indicated its intention to proceed with the project, risking further protests and potential political instability reminiscent of the mass protests in 2021.

    Kreni-promeni, which recently gained seats in municipal parliaments, continues to advocate against the Jadar project. Svetlana Ceca Bojkovic, an actress and activist, expressed her dissatisfaction, stating that the court’s decision was expected but emphasized the ongoing fight against the project.

    The Constitutional Court clarified that its ruling does not reinstate the 2020 spatial plan, leaving the final decision on the project’s future to the Serbian government under constitutional and legal guidelines.

  • Serbia Set to Approve Rio Tinto’s Lithium Mine, Boosting Europe’s Electric Vehicle Industry

    Serbia Set to Approve Rio Tinto’s Lithium Mine, Boosting Europe’s Electric Vehicle Industry

    Serbia is on the verge of granting Rio Tinto permission to develop Europe’s largest lithium mine, signaling a significant advancement for the continent’s electric vehicle sector. President Aleksandar Vucic has expressed confidence in securing the necessary guarantees from both Rio Tinto and the European Union to address environmental concerns regarding the Jadar site in western Serbia. Vucic expects to make a formal announcement about the project next month, provided that the demands for the entire value chain and robust environmental protections are met. The mine, projected to open in 2028, aims to produce 58,000 tonnes of lithium per year, which would account for approximately 17% of European electric vehicle production, equivalent to around 1.1 million cars. Vucic believes this venture could be transformative for Serbia and the broader region.

    The Serbian government revoked Rio Tinto’s licenses in January 2022 due to protests led by environmental groups. Concerns over water pollution, displacement of residents, and post-mining area damage prompted the demonstrations, which resulted in blocked highways and bridges across the country. However, with President Vucic’s ruling SNS party winning most of the recent municipal polls, the government perceives an opportunity to revive the project. The potential revival of the deal with Rio Tinto, coupled with EU involvement, serves as a significant indication of Serbia’s geopolitical alignment as it attracts economic and political attention from China, Russia, and Gulf nations. Serbia has been an EU candidate country for over a decade, but its accession process has faced delays due to concerns about the rule of law and corruption.

    President Vucic confirmed that the intention was never to hand over the mine to Chinese interests, as some EU officials had feared. He emphasized Serbia’s commitment to working with the European Union. Vucic also claimed that certain European states initially tried to undermine the Jadar deal but eventually changed their stance. The absence of domestic lithium production in Europe makes the Jadar mine crucial, as it could meet 13% of the continent’s projected demand by 2030. The project would significantly contribute to Serbia’s economy, potentially adding between €10 billion and €12 billion ($19.4 billion) to the annual gross domestic product.

    Despite the potential resurrection of the deal, opponents of the mine, such as the environmental group Go Change, remain determined to continue their fight. They vow to defend ecological standards and constitutional rights, expressing their commitment to organizing further protests if necessary.

    Chad Blewitt, Rio Tinto’s managing director for the Jadar project, stressed the company’s efforts to gain public support through extensive community engagement sessions. Rio Tinto released a draft environmental assessment that outlines potential impacts on water, air, and soil, emphasizing their commitment to transparency and compliance with Serbian and EU environmental standards.

  • Newly created Critical Metals on track to construct EU’s first battery-grade lithium mine

    Newly created Critical Metals on track to construct EU’s first battery-grade lithium mine

    The debut of Critical Metals Corp (Nasdaq: CRML) on the Nasdaq, resulting from the merger between European Lithium (ASX: EUR) and Sizzle Acquisition Corp, experienced significant volatility. While Sizzle stock surged by 120% in after-hours trading on Tuesday, Critical Metals’ debut on Wednesday saw a 38% decline. However, by midday on Friday, CRML had rebounded, showing a gain of over 10%.

    Despite the initial turbulence, Critical Metals retains a significant stake in the Wolfsberg lithium project in Carinthia, Austria, valued at $1.2 billion. This project is poised to become the EU’s sole battery-grade lithium mine by 2027, according to Tony Sage, the executive chairman of Critical Metals.

    Sage remains optimistic despite the fluctuating share prices and current lows in lithium prices. The company has secured supply agreements with BMW and has partnered with Obeikan Investment Group to construct a lithium hydroxide plant in Saudi Arabia, a venture expected to be finalized by the end of March.

    Looking ahead, Sage is considering rare earths and uranium projects, both brownfield and greenfield, within the EU. European Lithium already holds a 7.5% stake in the Tanbreez rare earth project in Greenland, one of the largest rare earth projects globally.

    Critical Metals aims to supply BMW by 2027, following the completion of construction at Wolfsberg. Sage anticipates a favorable market environment at that time, as demand for lithium is expected to increase, potentially driving prices up.

    The construction of the hydroxide plant may prove to be more cost-effective than initially projected, with improved operational expenditure (OPEX) numbers compared to the original feasibility study for Wolfsberg conducted in 2023.

    Wolfsberg enjoys perpetual permits as long as work continues, positioning it as a key player in the EU’s lithium production landscape. This is particularly significant given the EU’s initiative to reduce dependence on China for critical raw materials.

    While some lithium projects in Europe have faced setbacks, such as Rio Tinto’s Jadar lithium project in Serbia, Critical Metals remains optimistic about its prospects, buoyed by the support of the Austrian government and the stability of its permits.

    In summary, despite initial market volatility and challenges faced by other projects, Critical Metals Corp is poised to play a pivotal role in Europe’s lithium supply chain, driven by the growing demand for lithium-ion batteries in the electric vehicle sector and the EU’s strategic objectives.

  • European Lithium poised to become key player in production on the continent

    European Lithium poised to become key player in production on the continent

    European Lithium Ltd  is gaining traction in the lithium and rare earth sectors in its namesake target market, says Martin Place Securities, with a series of strategic initiatives placing it on a growth trajectory.

    The key drivers of this growth include the company’s Wolfsberg Lithium Project, a diverse portfolio that spans across Europe, and a listing on the Nasdaq.

    The company’s market capitalisation, as of January 30, stands at A$117 million.

    Revaluation due

    In its appraisal, Martin Place Securities suggests that the company’s stock is currently trading below its see-through asset backing of around A$0.80, indicating room for a substantial market revaluation.

    The report sets a value target of A$0.58 per share for European Lithium Ltd by the end of 2025.

    Martin Place Securities sees European Lithium as uniquely positioned to play a significant role in the European Union’s clean energy transition, especially with the EU’s target to phase in electric vehicles by 2035.

    The company’s diversified portfolio, strategic partnerships and involvement in critical mineral projects such as the Wolfsberg Lithium Project and the Tanbreez REE deposit, place it at the forefront of an industry poised for growth.

    Nasdaq milestone

    European Lithium’s flagship asset, the Wolfsberg lithium spodumene mining project, is slated for a Nasdaq listing, which is expected to impart a fully diluted value of A$0.61 per share, considerably enhancing the company’s market presence.

    The project, situated in Austria with a production capacity of 8.8ktpa LHM, is poised to become the first European Union producer of battery-grade lithium.

    A March 2023 definitive feasibility study (DFS) pointed to a net present value (NPV) of US$1,504 million, bolstered by high lithium hydroxide (LiOH) prices.

    “Wolfsberg would be one of the first operating lithium mines in Europe where EU regulations for the energy transition call for growing a major lithium industry to assist in the phasing in of electric vehicles there by 2035,” the report said.

    “BMW, recognising the need for security of supply, has entered into an offtake agreement with a US$15 million prepayment for all of the Wolfsberg Zone 1 output for its own battery manufacturing centre in Germany.”

    The company also has plans to access the largest lithium resource in Ukraine, which is also potentially one of Europe’s largest hard rock lithium resources.

    The report suggests that, following a resolution to the conflict in that country, an EU-Ukraine strategic partnership on critical raw materials could sponsor this development of the Shevchenkivske and Dobra deposits.

    Growth prospects in Austria and Ukraine

    The company is actively exploring additional lithium resource projects in Austria and is advancing towards acquiring significant lithium deposits in Ukraine.

    These ventures represent a strategic expansion and diversification of the company’s lithium asset portfolio.

    The lithium sector is showing signs of bottoming out, indicating a potential upswing that could benefit European Lithium’s strategic investments and market position.

    World’s largest REE deposit

    Along with its lithium exposure, European Lithium Ltd (ASX:EUR, OTCQB:EULIF) holds a 7.5% stake in the Tanbreez deposit in Greenland, touted as the world’s largest rare earth element (REE) deposit.

    The involvement in the Tanbreez REE deposit underscores European Lithium’s commitment to diversifying its portfolio in the critical minerals sector, aligning well with global trends and demands.

    This investment could yield a pass-through value potential of more than A$0.20 per European Lithium share, further enhancing the company’s asset base.

    The company is likely to target a Nasdaq listing for Tanbreez in 2025 to fund its development.

  • Portugal’s Barroso lithium mine project faces villagers’ ire

    Portugal’s Barroso lithium mine project faces villagers’ ire

    The lithium would be used for electric car batteries and is described by the mining company as critical for Europe’s transition to green energy.

    Portugal’s lithium reserves are considered central to Europe’s increasing demand for electric cars, but the villagers say it doesn’t justify ruining their way of life.

    “It would destroy everything,” says Aida Fernandes, as she looks across the valley where four opencast pits would border the village of Covas do Barroso in northern Portugal.

    Aida, like generations before her, farms cattle in this lush, unspoilt region which has UN Food and Agricultural Heritage status for its landscape and farming traditions.

    She deftly manoeuvres a tractor-load of brushwood which she’s spent the afternoon cutting from common land owned jointly by the community. Next she spreads the springy branches across the floor of the barn for bedding for her cattle.

    Common land is key to a dispute over plans for a new opencast mine – the Barroso Lithium Project – which would produce enough lithium for 500,000 electric car batteries a year over its 14-year operational life.

    But three quarters of the mine depends on accessing lithium deposits found in rocks on common land in the area, with the majority owned by the village.

    Aida is president of the Baldios – or common land association – which has rejected international mining company Savannah Resource’s financial offer to lease the land currently used for forestry and pasture.

    The European Union is keen to reduce its dependence on mines in China, Africa and South America for lithium and other raw materials needed for the green energy transition.

    The Barroso mine could be one of the first large-scale mines to supply battery grade lithium within Europe and in May Portugal’s Environment Agency gave Savannah Resources, which is based in London, the conditional go-ahead.

    They had revised their original proposals and agreed to changes such as not taking water from the local river. They must also build a new road to avoid the villages and fill in the opencast pits when mining there is finished.

    But opposition is still strong and Aida says that at the meetings they’ve had, “There isn’t anyone who’s in favour.” She says that in spite of the changes, “this is not good for us or for the environment” and they will fight on.

    If an agreement isn’t reached the Portuguese government could expropriate the land.

    Savannah also wants to buy private land from people like Maria Loureiro, who farms at the other end of the village. She grows olive trees and has cows which trot past us with bells jingling around their necks.

    “We’re not for sale, we don’t want to sell,” she tells me. She resents the offers of compensation and royalties for the area. “If I sold my land, what would I do?” she asks. She would also lose access to pasture on the common land if the mine went ahead.

    This is echoed by Fernando Queiroga, mayor of the municipality of Boticas, which includes the village of Covas do Barroso. He says that even if people are compensated for the duration of the mine they “will never go back to producing agricultural products again because in the meantime they’ll leave or they’ll just give up farming”.

    He’s finalising a legal challenge to the conditional approval of the project. “If the national courts don’t give us our answer, we’ll appeal to the European Court,” he says.

    The parish council of Covas do Barroso and the common land association have also lodged their own legal cases in an attempt to block the project.

    Dale Ferguson, the Australian interim CEO of Savannah Resources, says they’ve “listened to the community” and have made changes but concedes that “there always is some level of impact”.

    He believes the mine is “really critical for the energy transition for Europe”. He admits though, that with legal challenges, “the courts will make those ultimate decisions but we respect everybody’s rights and everybody’s opinions”.

    Portugal’s Secretary of State for Energy and Climate, Ana Fontoura Gouveia, is backing the Barroso mine and further exploitation of lithium in Portugal. She says the mine will bring new jobs and funding through royalties to the area. The legal action, she claims, is simply part of the democratic process.

    But does she see this as a test case for the rest of Portugal and Europe? “I see it as a best practice case and we are keen to show that you can do mining in Europe in the 21st Century with the highest standards and to the benefits of local populations,” she says.

    The rest of Europe will be watching the outcome closely, as pressure grows across the continent to open new mines for raw materials needed for the green transport and energy of the future.

  • Serbia and Jadar lithium mines: will the project resume?

    Serbia and Jadar lithium mines: will the project resume?

    Serbia’s Minister of Mining and Energy Dubravka Đedović Handanović said on Thursday that it is necessary to “responsibly consider” how to approach her country’s critical natural resources – which includes lithium – in the future.

    “If we want to develop, then we should use natural potentials, but also do everything to minimise risks, especially in the area of ​​the environment,” Minister Đedović Handanović said. “It is important that we do not look at this issue exclusively through the exploitation of mineral wealth, but also as the possibility of obtaining a value chain, which would also mean factories for the production of batteries and electric vehicles. The world is moving towards a new industrial order and it is up to us to see if we want to be part of that order, and we have all the prerequisites for that.”

    The Mining and Energy made a similar point on Tuesday: when asked about the potential exploitation of lithium in Serbia, she responded by saying that her country needs to consider how to utilise such resources in terms of closing the value chain.

    “Serbia is extremely rich in mineral resources that are also on the EU’s list of critical mineral resources. We stopped the ‘Jadar’ project before we had a chance to see the results of the Environmental Impact Assessment. We should consider how we can utilise the wealth we possess in terms of closing the value chain, which would mean factories for battery and electric vehicle production,” Minister Đedović Handanović said on Tuesday.

    The Jadar deposit is estimated to be one of the largest lithium deposits in the world, according to the think-tank Blue Europe. The Jadar mining project, located in western Serbia, had been started by British-Australian mining company Rio Tinto before the company’s license was revoked in 2022 due to environmental concerns about the project.

    However, a report by German tabloid Hadensblatt in December 2022 on a confidential list of investments under the EU’s “Global Gateway” initiative – including a lithium mine in Serbia – has led to speculations that the Jadar project may be revisited in the future.

     

  • Environmentalists fret over Portuguese green light for lithium mine

    Environmentalists fret over Portuguese green light for lithium mine

    The Romano lithium mine, proposed for Montalegre in Portugal’s northern district of Vila Real, has received a favourable conditional environmental impact statement from the Portuguese Environment Agency, but environmentalists are concerned about its impact.

    One of Portugal’s largest environmental associations, Zero, reacted on Thursday with concern about the viability of the Romano lithium mine in Montalegre, saying it was “absurd” to separate the project between the mine and the refinery, which will be subject to a separate Environmental Impact Assessment (EIA).

    “It’s worrying, and we’re talking once again about a project with high environmental, social and economic impacts, which is the subject of a favourable conditional opinion,” Nuno Forner from Zero told Lusa on Thursday.

    “This opinion has a particular aspect, which is that part of the mining annexes complex is going to be the subject of a separate process, which we think is absurd, to say the least,” Forner added.

    “Separating the project into several parts doesn’t make any sense,” he said.

    The Portuguese Environment Agency (APA) issued a favourable report regarding the mine.

    The APA’s decision is “favourable conditioned for mining and solution two (to the south-east of the mining area) for the location of the waste facility.”

    As for the location of the refinery, washing plant and administrative buildings, the report said “it should be further analysed under a separate procedure” and should preferably focus on the location corresponding to solution A if “the project’s incompatibility with the Montalegre Municipal Master Plan is overcome”.

    “We are concerned that the compensation and minimisation measures mention the possibility of the population being compensated in monetary terms so that they can buy another house or another plot of land or even be compensated for ending their agricultural activity,” said Forner.

    This, in his opinion, “clearly shows that this is a project with major impacts”, particularly on the social component, which “can hardly be minimised” and that “the solution will be to push people out of the area.”

    This is the second lithium project approved in Portugal after the favourable study conditioned on the Barroso mine (in May), proposed by Savannah for Covas do Barroso, in the neighbouring municipality of Boticas.