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Mining market in Serbia

Industry highlights

Open on restricted basis

Export Development Canada's position

0.43%

Global exploration share

75.7

World Bank Ease of Doing Business score

Gold and copper

Lead Serbia's mining sector

Can $14.6 million

Serbia ranks 63rd overall in Canadian mining assets abroad

9

Canadian companies operating in Serbia

Due to its geographic location, mineral deposits, mining tradition and affordable skilled labour, Serbia is the new European mining and exploration hub. Recent discoveries of mineral deposits (lithium, copper, gold, silver, zinc) by international companies confirmed large potential of Serbia's mineral wealth, estimated at US$200 billion. Serbia is not a member of the European Union but is located on its borders, which facilitates the flow of people and goods via air, road, rail and rivers.

Key opportunities for Canadian mining suppliers

Mineral exploration

Mineral exploration holds the largest share of mining industry volume in Serbia, representing the biggest potential for Canadian mining suppliers. Opportunities include:

Engineering, design and evaluation

Most mineral exploration projects will reach the transition and mining phase within the next 5 to 10 years. The resultant demand for consultancy services in engineering, design and evaluation creates good potential for Canadian companies' expertise and know-how transfer to Serbia, including the provision of:

Environmental and social performance consultancy               

Increasing environmental pollution in Serbia is often linked with coal mining, which has triggered rising public concerns and amendments to mining-related environmental legislation. Companies will seek solutions in "green mining," as well responsible business conduct services, including:

Notable challenges for Canadian mining suppliers in Serbia

Serbia business landscape

Request a meeting

To learn more about the mining industry in Serbia, contact Filip Petrovic (Filip.Petrovic@international.gc.ca), Trade Commissioner, at the Embassy of Canada to Serbia.

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