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Zenica-Doboj

EBRD acquires stake in Adriatic Metals

2 mins read

The FINANCIAL — The European Bank for Reconstruction and Development (EBRD) has acquired a 2.62 per cent stake in Adriatic Metals PLC to support development of the Vareš silver project in Bosnia and Herzegovina. The Bank’s investment of GBP 6.2 million (€6.62 million equivalent) will be used to finance the transition from exploration to mine development. The brownfield site is located in Vareš, a traditional mining community in the Zenica-Doboj canton of Bosnia and Herzegovina. Despite a long tradition in mining, Bosnia and Herzegovina has not attracted foreign direct investment in the mining sector over the past two decades. Development of…

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EBRD acquires stake in Adriatic Metals

2 mins read

The FINANCIAL — The European Bank for Reconstruction and Development (EBRD) has acquired a 2.62 per cent stake in Adriatic Metals PLC to support development of the Vareš silver project in Bosnia and Herzegovina. The Bank’s investment of GBP 6.2 million (€6.62 million equivalent) will be used to finance the transition from exploration to mine development.…