Canadian investments in Serbia reach EUR 1.5 billion - Great potential for cooperation in mining sector

(From the 7th International Conference on Mineral Resources in the Republic of Serbia) Canadian investments in the research sector in the Republic of Serbia are estimated at around USD 250 million, while more than 100 million dollars have been invested in the research and mine building projects, while the value of all Canadian investments in Serbia reaches a figure of 1.5 billion euros.

Mining and extractive sector in Canada currently employs 375,000 people, which immeasurably contribute to the economic development of not only Canada, but also countries where Canadian mining companies operate. In 2014, 57% of all world mining companies were listed on the TSX Stock Exchange in Toronto.

These are some of the conclusions reached at the 7th International Conference on Mineral Resources in the Republic of Serbia on the topic of "The Movement for Economic Development", held on October 4, 2017, in Belgrade. The aim of the Conference is to link investors and experts in the field of mining with all relevant state, economic and social entities. CANSEE association supported the conference for the third year in a row.

Brian Ebel, Chargé d'affaires at the Embassy of Canada to Serbia said that the constant growth of number of participants at this conference indicates the importance of the mining sector in the development of the Serbian industry. He emphasized that Canada has a very strong mining tradition and that there is a great potential for cooperation with Serbia in that field. The Government of Serbia has improved the business conditions for foreign investors, since they have adopted laws based on international standards, he added.

International companies - Nevsun Resources, Mundoro, Dundee Precious Metals, Eldorado Gold, Erin Ventures, Medgold Resources, ERM, which have so far made significant investments in the mining and geological exploration sector in Serbia, shared their experiences regarding their business operations in Serbia. Besides them, other members companies of the industrial group for geological exploration and mining within the CANSEE association took part at the conference, including: Terragold, Jantar Group, Capital Drilling, Contango, Metalfer, Rakita, Drilexx International, Metso, S & V Drilling Mine Services, ALS Minerals, Teknoxgroup, Mining and metallurgy institute Bor.

CANSEE Kanadsko srpsko poslovno udruženje Beograd

Ambasada Kanade

Canadian Serbian Business Association CANSEE

CANSEE

Embassy of Canada in Serbia

Canadian investments in Serbia

International Conference on Mineral Resources in the Republic of Serbia

Nevsun Resources

Mundoro

Dundee Precious Metals

Eldorado Gold

Erin Ventures

Medgold Resources

ERM

Terragold

Jantar Group

Capital Drilling

Contango

Metalfer

Rakita

Drilexx International

Metso

S&V Drilling Mine Services

ALS Minerals

Teknoxgroup

Mining and metallurgy institute Bor

Brian Ebel

Brendan Marshall