{"id":154821,"date":"2024-10-13T13:07:26","date_gmt":"2024-10-13T11:07:26","guid":{"rendered":"https:\/\/serbiantimes.info\/en\/?p=154821"},"modified":"2024-10-13T13:07:27","modified_gmt":"2024-10-13T11:07:27","slug":"serbian-economists-calculation-each-citizen-will-earn-300-dinars-annually-from-rio-tinto","status":"publish","type":"post","link":"https:\/\/serbiantimes.info\/en\/serbian-economists-calculation-each-citizen-will-earn-300-dinars-annually-from-rio-tinto\/","title":{"rendered":"SERBIAN ECONOMISTS&#8217; CALCULATION: Each citizen will earn 300 dinars annually from Rio Tinto!"},"content":{"rendered":"\n<p>A bidding war is underway. After years of debate about the environmental harm of the Jadar project, the question of the economic viability of this potential investment by Rio Tinto has finally been raised in public in <strong><a href=\"https:\/\/serbiantimes.info\/en\/category\/serbia\/\" target=\"_blank\" rel=\"noopener\" title=\"\">Serbia<\/a><\/strong>. <\/p>\n\n\n\n<p>Businessman Zoran Drakuli\u0107 and several respected economics professors have given their verdict, which Rio Tinto immediately responded to. A senior US State Department official unexpectedly joined the debate with data that he himself admitted needed to be verified.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><mark style=\"background-color:#FFFFFF;color:#d21414\" class=\"has-inline-color\">FOLLOW US ON FACEBOOK:<\/mark><\/h4>\n\n\n\n<iframe loading=\"lazy\" src=\"https:\/\/www.facebook.com\/plugins\/post.php?href=https%3A%2F%2Fwww.facebook.com%2Fserbiantimes%2Fposts%2Fpfbid0WV1yKT81Tzzrmd4mdW4ESfj86xzZAipGDRmzfJL5NRF9xy2h84ESDvct6HFqPQPil&#038;show_text=true&#038;width=500\" width=\"500\" height=\"582\" style=\"border:none;overflow:hidden\" scrolling=\"no\" frameborder=\"0\" allowfullscreen=\"true\" allow=\"autoplay; clipboard-write; encrypted-media; picture-in-picture; web-share\"><\/iframe>\n\n\n\n<p>Just one zero separates two financial analyses. Drakuli\u0107, Mijatovi\u0107, Popovi\u0107, and \u0160o\u0161ki\u0107 claim that each citizen of Serbia is entitled to 2.6 euros annually from lithium or, if multiplied by the number of inhabitants, a total of 18.2 million euros. Rio Tinto says that this study is wrong and that according to their calculations, Serbia is entitled to ten times more each year.<\/p>\n\n\n\n<p>&#8220;The direct benefit will be 180 million euros per year in taxes,&#8221; says Chad Bluitt, Executive Director of the Jadar Project.<\/p>\n\n\n\n<p>Rio Tinto, however, calculates these revenues at a price of $15,600 per ton of lithium carbonate, which its experts expect in the coming years. The current price is $10,700 on the Shanghai Metals Market.<\/p>\n\n\n\n<p>&#8220;Yesterday, I saw the US Undersecretary for the Environment, who is now dealing with our GDP. Watch out, he&#8217;s dealing with our economy? And he&#8217;s telling us that if this project goes ahead, Serbia will flourish again,&#8221; says Aleksandar Jovanovi\u0107 \u0106uta.<\/p>\n\n\n\n<p>The US Undersecretary for the Environment expects Serbia to benefit much more because, in addition to simple mining, he hopes for other lithium-related projects in Serbia.<\/p>\n\n\n\n<p>&#8220;As for your question&#8230; For one to three percent, I have to check the source. But I saw that it could be more than 4%. But we will provide you with that information,&#8221; Jose Fernandes said yesterday.<\/p>\n\n\n\n<p>Mr. Fernandes couldn&#8217;t remember, but we found who his source was for the optimistic forecast of Serbian GDP growth.<\/p>\n\n\n\n<p>&#8220;Lithium mining and processing is an increase in GDP of 0.7 billion euros or one percent of GDP. Cathode production and lithium processing &#8211; that&#8217;s 2.06 percent of GDP. Mining and processing plus battery production, that&#8217;s four percent of GDP,&#8221; said Aleksandar Vu\u010di\u0107 in July of this year.<\/p>\n\n\n\n<p>The Serbian state has never stated from which study President Vu\u010di\u0107 read this and which institution gave these forecasts. So for now, we have &#8211; an independent study by Zoran Drakuli\u0107 and professors, a study by the interested party &#8211; Rio Tinto, and a forecast by the US Undersecretary of State whose source is the President of Serbia.<\/p>\n\n\n\n<p>&#8220;First of all, I&#8217;m interested in why Mr. Fernandes is talking about the Rio Tinto project. First of all, Rio Tinto is not an American company. So I don&#8217;t know why they care so much about us. Maybe we should take care of ourselves and they should worry less about us,&#8221; says columnist Bogdan Petrovi\u0107.<\/p>\n\n\n\n<p>The columnist for Nova Ekonomija does not deny that Fernandes&#8217; estimate is realistic, but says that a major upgrade of the mining itself is necessary for that.<\/p>\n\n\n\n<p>&#8220;Since it is mentioned that a million cars could be produced from the lithium in Jadar&#8230; If Serbia got two or three car factories and a battery factory, it would be easy for GDP growth to be those four percent. But we have no guarantees for that,&#8221; Petrovi\u0107 says.<\/p>\n\n\n\n<p>Hungary has guarantees, which has bet, not on Germany, but on China, and already has contracts for two electric car factories and one lithium battery factory, and it doesn&#8217;t have a mine.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><mark style=\"background-color:#FFFFFF;color:#d21414\" class=\"has-inline-color\">READ MORE:<\/mark><\/h4>\n\n\n\n<p><a href=\"https:\/\/serbiantimes.info\/en\/sad-news-from-canada-daughter-25-of-serbian-rock-legend-dies-in-car-accident\/\" target=\"_blank\" rel=\"noreferrer noopener\">SAD NEWS FROM CANADA: Daughter (25) of serbian rock legend dies in car accident<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/serbiantimes.info\/en\/exclusive-confession-of-rod-blagojevic-the-serb-who-ended-up-in-prison-instead-of-the-white-house-after-the-biggest-scandal-in-the-us-since-watergate-video\/\" target=\"_blank\" rel=\"noreferrer noopener\">EXCLUSIVE CONFESSION OF ROD BLAGOJEVI\u0106: The Serb who ended up in prison Instead of the White House, after the biggest scandal in the US since Watergate! (VIDEO)<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/serbiantimes.info\/en\/bishop-grigorije-presents-new-novel-in-chicago-books-help-us-understand-our-souls-through-other-peoples-destinies\/\" target=\"_blank\" rel=\"noreferrer noopener\">BISHOP GRIGORIJE PRESENTS NEW NOVEL IN CHICAGO: \u201cBooks Help Us Understand Our Souls Through Other People\u2019s Destinies\u201d<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/serbiantimes.info\/en\/american-cries-at-the-mention-of-serbia-rick-a-renowned-californian-winemaker-and-orthodox-christian-remembers-his-roots-video\/\" target=\"_blank\" rel=\"noreferrer noopener\">AMERICAN CRIES AT THE MENTION OF SERBIA: Rick, a renowned Californian winemaker and Orthodox Christian, remembers his roots (VIDEO)<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/serbiantimes.info\/en\/svi-vole-babu-mim-ova-srpkinja-je-clan-kuce-slavnih-epla-a-1990-tih-je-vodila-demostracije-i-pisala-americkim-predsednicima\/\" target=\"_blank\" rel=\"noreferrer noopener\">MEET BABA MIM, THE SERBIAN SENSATION! This Apple Hall of Famer was leading protests and writing to presidents back in the \u201990s!<\/a><\/p>\n\n\n\n<p><strong>Source<\/strong>: N1<br><strong>Photo<\/strong>: Printscreen YouTube \/ NOVA S<br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A bidding war is underway. After years of debate about the environmental harm of the Jadar project, the question of the economic viability of this potential investment by Rio Tinto has finally been raised in public in Serbia. Businessman Zoran Drakuli\u0107 and several respected economics professors have given their verdict, which Rio Tinto immediately responded [&hellip;]<\/p>\n","protected":false},"author":2169,"featured_media":154822,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"footnotes":""},"categories":[7],"tags":[922,987,349,989,882,988,990,642,884,991],"class_list":["post-154821","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-serbia","tag-automobili","tag-baterije","tag-ekonomija","tag-jadar","tag-litijum","tag-ne-damo-jadar","tag-no-digging","tag-protest","tag-rio-tinto","tag-there-will-be-no-diging-in-jadar","entry"],"aioseo_notices":[],"distributor_meta":false,"distributor_terms":false,"distributor_media":false,"distributor_original_site_name":"Serbiantimes.info EN","distributor_original_site_url":"https:\/\/serbiantimes.info\/en","push-errors":false,"_links":{"self":[{"href":"https:\/\/serbiantimes.info\/en\/wp-json\/wp\/v2\/posts\/154821","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/serbiantimes.info\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/serbiantimes.info\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/serbiantimes.info\/en\/wp-json\/wp\/v2\/users\/2169"}],"replies":[{"embeddable":true,"href":"https:\/\/serbiantimes.info\/en\/wp-json\/wp\/v2\/comments?post=154821"}],"version-history":[{"count":1,"href":"https:\/\/serbiantimes.info\/en\/wp-json\/wp\/v2\/posts\/154821\/revisions"}],"predecessor-version":[{"id":154824,"href":"https:\/\/serbiantimes.info\/en\/wp-json\/wp\/v2\/posts\/154821\/revisions\/154824"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/serbiantimes.info\/en\/wp-json\/wp\/v2\/media\/154822"}],"wp:attachment":[{"href":"https:\/\/serbiantimes.info\/en\/wp-json\/wp\/v2\/media?parent=154821"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/serbiantimes.info\/en\/wp-json\/wp\/v2\/categories?post=154821"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/serbiantimes.info\/en\/wp-json\/wp\/v2\/tags?post=154821"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}