According to the planned agreement, ArcelorMittal Prijedor will mine 3 million tons of iron ore from a deposit near Lubia, the government of the Republic of Serbia said in a statement.
About 100 people will be involved in the project.
In the near future, the government will determine the obligations of the concessionaire in the agreement before signing it with ArcelorMittal Prijedor.
December 31, 2021, ArcelorMittal Prijedor and the government of the Republika Srpska entity signed a memorandum of cooperation on the project.
ArcelorMittal Prijedor was established in 2004 as a joint venture between steel and mining company ArcelorMittal with a 51% share and local mining company RZR Ljubija with a 49% share.
ArcelorMittal also owns a steel plant in Zenica, located in another entity of Bosnia, the Federation.
Republika Srpska and the Federation are two autonomous entities that make up Bosnia and Herzegovina.