Japanese also exploring Bor area for gold – Biggest state mining company invests USD 5 million in explorations
JOGMEC has put around USD 5 million in geological explorations in this area, making it the majority owner of exploration rights in the location, under the contract on joint investment. If they finish the second phase of explorations, for which purpose they will have to spend USD 32 million in the next five years, the Japanese corporation will acquire another 24% of the license.
That they are on the right path is confirmed by the initial results, which say that the presence of 0.5% copper and nearly 0.7 grams of gold per ton of ore has been detected in one borehole. Nearly 1.7 grams of gold per ton of ore has been discovered in another, which is “a good impulse for explorations to continue”.
JOGMEC is the largest state-owned oil, gas and mining company in Japan.
Most Important News
06.04.2024. | Agriculture
Preconditions for Placement of Fresh Blueberries and Dried Plums in Chinese Market Secured
16.04.2024. | News
Jovan Ciric, Leasing Director Retail MPC Properties – MPC Echo symbolizes our desire for good ideas and innovative endeavors to spread freely and bring about positive changes
16.04.2024. | News
10.04.2024. | Finance, IT, Telecommunications, Tourism, Sports, Culture
Creative Industry – What This Serbian Economy Sector Worth EUR 2 Billion Encompasses
10.04.2024. | Finance, IT, Telecommunications, Tourism, Sports, Culture
25.04.2024. | Industry, Transport
Chinese company Lianbo opens car engine part factory near Novi Sad
25.04.2024. | Industry, Transport
16.04.2024. | News
Economy Fair in Mostar opens – 26 companies from Serbia exhibiting
16.04.2024. | News
25.04.2024. | Industry, Construction
Visokogradnja inzenjering planning construction of production facility in Jagodina area
25.04.2024. | Industry, Construction