Serbia revoked Rio Tinto's lithium exploration licences on Thursday, bowing to protesters who opposed the development of the project by the Anglo-Australian mining giant on environmental grounds.
A sign adorns the building where mining company Rio Tinto has their office in Perth, Western Australia, November 19, 2015. REUTERS/David Graylithium exploration licences on Thursday, bowing to protesters who opposed the development of the project by the Anglo-Australian mining giant on environmental grounds.
"All decisions and all licences have been annulled," Brnabic told reporters after a government session. "As far as project Jadar is concerned, this is an end."Earlier this week, Rio had pushed back the timeline for first production from Jadar by one year to 2027, citing delays in key approvals.Rio Tinto said it was "extremely concerned" by Serbia's decision and was reviewing the legal basis for it.
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