Tag: ore

  • Untapped Potential: The Ore-Rich Yet Underdeveloped Municipality in BiH Holds the Key to European Advancement

    Untapped Potential: The Ore-Rich Yet Underdeveloped Municipality in BiH Holds the Key to European Advancement

    The extremely underdeveloped Lopare municipality lies on extremely rich ore deposits that could be crucial for the development of Europe. This was shown by a geological survey which determined that there are large amounts of lithium on Majevica. While the locals fear major environmental pollution, the company that did the research announced exploitation and environmental associations received warnings from diplomatic representatives.

    “Research is good, but it’s about the pollution. It’s not something you pile into a truck and drive if that were the case, there wouldn’t be a problem,” observes Nedjo Milovanovic, a resident of Lopare.

    Controversy arose after the company “Ar Core” announced, upon completion of research that lasted for more than four years, that significant quantities of various ores, including lithium, were found under Majevica, which particularly worries the locals.

    The raw material of the future. Many say exactly that about lithium, an ore that is essential for the modern auto industry, batteries, electric cars, and mobile phones. It is also very important for modern pharmacy and medicine. However, its exploitation is harmful to the environment.

    And the local population especially knows something about this, because ecologists are increasingly vocal in their warnings that lithium mining is disastrous for the ecosystem.

    “But it’s poison and this is how people die. When you look at it, few people will be in favor,” emphasized local resident Cvija Milovanovic.

    The domestic public was most aware of the potential danger of lithium exploitation during mass protests in Serbia due to the intention of the international company “Rio Tinto” to exploit a deposit in Jadar near Loznica. Only about 60 kilometers from that location is the site in Lopare, where the announcement of the opening of the mine caused alarm among the locals, so the mayor gave up on the original idea that the future of the project should be considered in a referendum.

    Despite the attitude of the local authorities, the company that did the research continued preparations for the start of exploitation, which will last from three to five years. The results of the research of the company, whose headquarters are in Laktasi and which does not even have a website, were made known to the public through a press release in which the development potential of exploitation was particularly emphasized. It is a subsidiary company “Ar Core AG” of a company from Switzerland, on whose website it is possible to find only a small detail about, as they say, their basic project “the largest lithium and boron mine in Europe with enormous potential and the possibility of mining that would last 65 years.

     

  • Kokbulak iron ore deposit

    Kokbulak iron ore deposit

    [vc_row][vc_column][vc_column_text]Source: Kazakh Invest[/vc_column_text][vc_raw_html]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[/vc_raw_html][vc_column_text]Project description:

    Development of the Kokbulak iron ore deposit and construction of an iron ore concentrate processing plant

    Investment amount:

    418,986 thousand US dollars

    Power:

    8 million tons per year

    Product:

    concentrate with an iron content of at least 60% for the production of steel

    Implementation period:

    24 years, including the construction period

    Sales market:

    domestic market, export to Russia and China

    Market prerequisites:

    • Large iron ore reserves – Kazakhstan ranks 11th in the world in terms of iron ore reserves with a share of 2% of world reserves.
    • High demand – the demand for iron ore is primarily due to the demand for steel, which directly reflects the trends in the development of the world economy.
    • Export potential – due to the fact that the volumes of iron ore produced in the country fully meet the domestic demand for this product, the main share of pellets and concentrate produced in the republic is supplied abroad. At the same time, the key sales markets (90-99%) are Russia and China.

    Reserves of the Kokbulak field

    Class
    Reserves,
    million tons
    Fe, %
    P2O5 , %
    Sulfur, %
    Central zone
    B 163,1 41,3 1,67 0,06
    C1 198,1 37,8 1,48 0,09
    Total: 361,2 39,4 1,57 0,08
    Northern Zone
    C1 561,9 42,1 1,46 0,06
    C2 49,3 37,9 1,36 0,06
    Total: 611,2 38,1 1,39 0,06
    Southern Zone
    C2 295,9 35,2 1,38 0,09
    Total: 295,9 35,2 1,38 0,09
    Off-balance sheet resources
    C1 410,7 26,6 0,99 0,11
    C2 238,1 28,3 1,09 0,1
    Total: 648,8 27,2 1,03 0,11

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