Rio Tinto Exploration Licenses for Serbian Lithium Project Revoked -- Reuters

--Serbia's government has revoked all licenses related to Rio Tinto PLC's exploration for lithium, Reuters reported Thursday.

--Prime Minister Ana Brnabic told reporters the government's decision came after requests from various environmental organizations to halt the mining company's project in the country, Reuters said.

--The U.K.-Australian company earlier this week said that due to license delays, first saleable production from the Jadar lithium-borate project in Serbia is now expected no earlier than 2027, a year later than previously planned.

--In late July, Rio Tinto said it was committing $2.4 billion to the Jadar project, which it expected would position it as the largest source of lithium supply in Europe for at least the next 15 years.

Full story at https://www.reuters.com/business/retail-consumer/serbian-government-revokes-rio-tintos-licences-lithium-project-2022-01-20/

Write to Robb M. Stewart at [e-mail]

(END) Dow Jones Newswires

January 20, 2022 14:00 ET (19:00 GMT)

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