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THE MINISTRY OF MINING AND ENERGY ISSUES A PERMIT FOR THE CONSTRUCTION OF THE EXPLORATION DECLINE

On March 1, 2018 the Canadian company Nevsun, that conducts its business activities through its Serbian subsidiary Rakita, was given a permit to start the construction of the exploration decline in the area of Cukaru Peki deposit near Bor.

This generally signifies the commencement of mine operations regarding the exploration of mineral raw materials. According to data available on Nevsun’s website, the decline will consist of two five-meter diameter parallel tunnels, with a distance of 30 m; the tunnels will reach a length of 2,800 m and a depth of 400 beneath the surface. 

The access to the decline will be located in the area of the villages Brestovac and Metovnica. The previous works referred to completing all preparatory actions in terms of clearing the vegetation, so the company Rakita was prepared to welcome this license.

According to the announcements, the commencement of exploration decline developmental activities is set for the second quarter of this year, and the construction will last about two years.