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AWARD TO RAKITA FROM RESPONSIBLE BUSINESS FORUM

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Rakita received the award of the Responsible Business Forum for achievements in contributing to the local community, and it was presented during the celebration of the 10th anniversary of the Forum, which gathers more than 30 socially responsible companies, among which are Telenor, Deloitte, Coca Cola, Bambi, B92, Banca Intesa, VIP Mobile, Unicredit and others. […]

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LARF HAS BEEN UPDATED

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Taking into account the complexity of the land acquisition process for the needs of the Čukaru Peki Project, Rakita has updated the content of the Framework that outlines the entire process. The „Land Acquisition and Resettlement Framework“ (LARF) is the document that supports Rakita’s land acquisiton activities and it was necessary to provide the public […]

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RETROACTIVE PAYMENT ANNEXES FINALIZED

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When Rakita increased the bonus structure for the Land Acquisition Program in December 2017, we also communicated our intention to maintain fair and transparent dealings with all property owners who have been working with us over the years. In order to meet this commitment, Rakita moved forward with signing annexes for all previously completed contracts […]

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CONTINUED EXPLORATION DRILLING PROGRAM OF THE ČUKARU PEKI UPPER ZONE

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The Geology department of Rakita has continued the Condemnation Exploration Drilling Program during the third quarter period 2018. The goal of these exploration activities is to identify potential mineralization in the areas below the planned mining facilities and infrastructure. Nine exploration drill holes have been drilled during this period, with a total length of 5,528 […]

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REPRESENTATIVES OF THE ZIJIN, NEVSUN AND RAKITA MEET WITH PRESIDENT ALEKSANDAR VUČIĆ

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The President of Serbia, Aleksandar Vučić, held a meeting with representatives of Zijin, Nevsun and Rakita, to review all aspects of potential investments in the mining sector in eastern Serbia. The initial basis for these investments is the signed strategic partnership agreement with the Mining-Smelting Basin Bor (RTB Bor). The response of Nevsun shareholders to […]

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LIVELIHOOD IMPROVEMENT MECHANISMS FOR LAND OWNERS

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This year, the Land Acquisition Team developed two new livelihood improvement mechanisms for those who sold or were planning to sell their land: Financial management training; and, Agricultural land leases Financial management training is an important part of mitigating the risk of vulnerability emerging during the land acquisition process as a result of cash compensation. […]