Serbia: Jogmec and Mundoro searching for gold in Borsko Jezero

, Investors

Borsko Jezero might become a copper and gold mine, Novosti writes. The Japanese company Jogmec and Canada’s Mundoro, according to the newspaper, have received the license for examining the area, which spreads on 46 ha, in search of gold, copper and molybdenum.

The companies will initially invest USD 4 million in researching Borsko Jezero.

The research will last until 2024, and Jogmec and Mundoro expect to find sites similar to those in MSC Bor or Cukaru Peki.

Two companies will also carry out geological research on three other locations in Timocka Krajina – Dubrava, Padina i Zeleznik.


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