INVEST IN Bosnia and Herzegovina www.fipa.gov.ba

INVESTMENT OPPORTUNITIES

This activity has received funding from the European Institute of Innovation and IN RAW MATERIALS IN Technology (EIT), a body of the European Union, under the Horizon 2020, the EU Framework Programme for Research and Innovation BOSNIA AND HERZEGOVINA Council of Ministers of Bosnia and Herzegovina FIPA - Foreign Investment Promotion Agency Results of the project Invest RawMaterials 71000 Sarajevo, Dubrovačka 6. T: + 387 33 278 080, M: [email protected] - Multifactor model for investments in the raw material sector, case study Bosnia and Herzegovina Joint projectof: with supportof: link: Luka andZenica,2020Tuzla). – PrijedorToolisaccessibleonthe the targetgroupsandwideraudience via fourInfo days (2019 – Banja ture. During 2019 and2020, the online tool ispresented and tested with social and economic data aiming to clarify the country’s complex struc- ments – REE), fluorite and magnesite, within B&H: antimony,bauxite(aspotential source ofrareearthele- information on development ofonlinetoolentitycontaining relevant andvalidatedgeo- critical rawmaterials potential. The main output oftheproject wasthe material sector. Project is focused on Bosnia and Hercegovina due to its ernment and state institutions in ordertofacilitate investment in theraw versities, geological surveys, non-governmental association, B&H gov- raw materials companies and investors, mining institutes, technical uni- The aim of the project was to create a unique decision-making tool for of Innovation andTechnology (EIT) undertheKICRawMaterials sector, case study Bosnia and Herzegovina, funded byEuropean In­ RawMaterials - Multifactor model for investments in the raw material This brochure has been created in the framework of the project Invest Introduction toFIPAbrochure https://test.investrm.eu/ ENGINEERING GEOLOGY ANDPETROLEUM FACULTY OFMINING, University ofZagreb 120 critical raw materials deposits and occurrences . as well as relevant, updated legal, ­program. stitute

INVESTMENT OPPORTUNITIES This activity has received funding from the European Institute of Innovation and 1 IN RAW MATERIALS IN Technology (EIT), a body of the European Union, under the Horizon 2020, the EU BOSNIA AND HERZEGOVINA Framework Programme for Research and Innovation INVESTMENT OPPORTUNITIES This activity has received funding from the European Institute of Innovation and 2 IN RAW MATERIALS IN Technology (EIT), a body of the European Union, under the Horizon 2020, the EU BOSNIA AND HERZEGOVINA Framework Programme for Research and Innovation FIPA fortheircontribution inthecreationof thisbrochure. thank the entire InvestRMprojectconsortium and colleaguesfrom would Geology andPetroleumEngineering( UNIZG-RGNF) like to As project coordinator, under Horizon2020 Project fundedby: European Institute of Innovation and Technology, Petroleum Engineering(UNIZG-RGNF) Project leader: University of Zagreb, Faculty of Mining, Geology and Duration oftheproject gated area. investi- insufficiently but prospective, this in investors the to guide a as purpose its fulfill and parties interested to way its find will brochure this hope We deposits. magnesite and fluorite bauxite, antimony, selected ing to Bosnia and Herzegovina, as well as geological data on 14 carefully find the summary of the most relevant economic and legal data pertain- entire projectconsortiumfrom2017 to 2019. Here youwillbeableto In this brochure, we present you the outcome of the devoted work of the Project information : 2018–2020 University of Zagreb, Faculty of Mining, Phone: +38515535729 E-mail: infoinvestrm.eu Website: Contact: https://investrm.eu/

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1. Table ofcontents

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2.2. Overview 2.1. Legal data conomic data. Economic ...... 3.4. Magnesite 3.3. Antimony 3.2. Fluorspar 3.1. Introduction ...... Geological data 3.5. Bauxite 2.1.2.  2.1.1.  2.2.1. Bosnia andHerzegovina Introduction 2.2.2. Republic ofSrpska 2.2.3. Federation ofBosnia andHerzegovina 2.2.3.1. Cantonlevel in RepublicofSrpska Management ofmineral rawmaterials in FederationofBosniaandHerzegovina Management ofmineral rawmaterials ......

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10 10 10 11 12 18 18 14 14 13 25 21 9 9 9 5

INVESTMENT OPPORTUNITIES This activity has received funding from the European Institute of Innovation and 3 IN RAW MATERIALS IN Technology (EIT), a body of the European Union, under the Horizon 2020, the EU BOSNIA AND HERZEGOVINA Framework Programme for Research and Innovation

First Release,No2,July2019(2018data).Source:AgencyforStatisticsofB&H Table 1.GrossaddedvalueperactivitiesafterThematicBulletinTB01(2017data), Each ConvertibleMarkissuedhasacoverineurosatfixedrate: (KM). Its official abbreviation is BAM. The currency is pegged to the Euro. Mark Convertible the is Herzegovina and Bosnia of currency official The Central BankofB&H. a financial publisher, official the to other refer we Herzegovina and and Bosnia of ­statistics payments of balance statistics, monetary of case are publishedbythe Statistical AgencyofBosnia and Herzegovina. In Statistical consolidated data on the State level (Bosnia and Herzegovina) 1. Economicdat (Source: FIPAAgency Bulletinyear2018) Figure 1.Miningsectorposition withintotalindustryinyear2018 and airconditioningsupply Electricity, gas,steam Manufacturing Mining andquarrying per activities Gross addedvalue(GVA) Mining supportserviceactivities Other miningandquarrying Mining ofmetalores Mining ofcoalandlignite 1 KM=0,51129€and1,95583

areas/industry Percentage within all sectors 25,41 2017 6,58 4,16 0,05 0,43 0,76 2,91 specific area/ Percentage industry Structure, % 100,00 100,00 100,00 within 10,30 18,30 70,00 2017 1,40

sectors –unofficial Percentage within all areas/industry No data 25,28 2018 data 7,78 3,87

INVESTMENT OPPORTUNITIES This activity has received funding from the European Institute of Innovation and 5 IN RAW MATERIALS IN Technology (EIT), a body of the European Union, under the Horizon 2020, the EU BOSNIA AND HERZEGOVINA Framework Programme for Research and Innovation INVESTMENT OPPORTUNITIES This activity has received funding from the European Institute of Innovation and 6 IN RAW MATERIALS IN Technology (EIT), a body of the European Union, under the Horizon 2020, the EU BOSNIA AND HERZEGOVINA Framework Programme for Research and Innovation Growth involume; 2015=100. in BosniaandHerzegovina. Source:KDBiH2010(EU NACERev.2)bysectors. Figure 2.Trendsofindustrial production(volumegrowth)with focusonmining as baseyear.Themonthlyvolumeindexalsoexistsforeachpresented the yearlychangeinindustrialproductionBosniaandHerzegovinausing2015 in volume;2015=100.Grossyearlyvolumeindexofindustrialproductionshows in BosniaandHerzegovina.Source:KDBiH2010(EUNACERev.2)bysectors.Growth Table 2.Trendsofindustrialproduction(volumegrowth)withfocusonmining quarrying Other mining and ores Mining ofmetal and lignite Mining ofcoal Mining andquarrying supply conditioning steam andair Electricity, gas, Manufacturing quarrying Mining and Total Industry -13,22 -11,72 12,28 -7,95 2012 1,97 3,53 4,72 11,98 -8,20 -0,78 -3,18 2013 -6,76 -0,05 2,12 -10,42 -4,59 -2,83 -3,00 2014 -5,92 -0,64 1,22 2015 0,00 0,00 0,00 0,00 0,00 0,00 0,00 -14,34 2016 -3,47 9,03 3,01 3,77 4,40 8,69 -14,92 15,43 2017 4,55 8,49 8,93 7,70 0,37 -16,53 16,43 15,68 2018 7,29 9,91 9,39 8,42 -10,84 11,38 2019 6,00 3,06 5,63 4,00 7,03 2015=100 Structure 100,00

19,62 68,56 11,82 1,78 1,50 8,54

Source: CentralbankofBiH,situationDSU,August2019. Table 4.TopinvestorsinB&H,December2018,millionsofEUR. 2012-2017 (inBAM). earnings ofemployees2012-2017bytheaccountingperiodIIsemester,forI-XII statistics BiH:Firstrelease,Demographyandsocial-Averagemonthlygross Table 3.OverviewoflaborcostwithfocusinMiningindustry.Source:Agencyfor indicators areadjustedaccordingtodatafromDecember. sector is registered only on monthly basis (data is taken on December 2012-2017) so all three ment data exists for I,IIandIIIquarter2017 and allfourquarters2012-2016, but themining Note: BiH unemployment data is available for the complete year (2012-2017); BiH employ- BiH Employmentlevel** Mining andquarrying BiH Total (gross inBAM) BiH Laborcost Mobility (workpermition) BiH employment BiH unemployment employment Mining andquarrying Federation ofBosnia Bosnia andHerzegovina Mining andquarrying and Herzegovina

XII 2012 685.117 550.255 19.773 1.466 1.290 2.573 1.233 2012 2012 36 XII 2013 689.270 553.762 18.662 1.481 1.291 2.563 1.326 2013 2013 46 XII 2014 770.725 547.134 18.702 1.500 1.289 2.197 1.370 2014 2014 36 XII 2015 715.425 537.568 18.530 1.509 1.289 2.465 1.497 2015 2015 56

XII 2016 737.954 510.022 18.482 1.523 1.301 2.628 1.605 2016 2016 52 XII 2017 753.202 475.084 18.420 1.565 1.321 2.593 1.682 2017 2017 47

INVESTMENT OPPORTUNITIES This activity has received funding from the European Institute of Innovation and 7 IN RAW MATERIALS IN Technology (EIT), a body of the European Union, under the Horizon 2020, the EU BOSNIA AND HERZEGOVINA Framework Programme for Research and Innovation INVESTMENT OPPORTUNITIES This activity has received funding from the European Institute of Innovation and 8 IN RAW MATERIALS IN Technology (EIT), a body of the European Union, under the Horizon 2020, the EU BOSNIA AND HERZEGOVINA Framework Programme for Research and Innovation – preliminaryresults for2018,November2019 for StatisticsofBosnia andHerzegovina, Figure 3.Keyperformance indicatorsforB&Hbusiness.Source: Agency 3b) miningandquarryingbusinessactivitieswithsixindicators 3a) totalindustrialbusinessactivitieswithsixindicators Structural Business Statistics

that areofspecialinterestfor theFederation. right toissue the decisionfor the exploitationofmineralrawmaterials The Government of the Federation of Bosnia and Herzegovina has the the CantonalMinistriesresponsible fortheminingindustry. management of mineral raw materials under 4, 5 and 6 is performed by performed bytheFederalMinistry ofEnergy, Mining and Industry.The The management of mineral raw materials under points 1, 2 and 3 is 6.  5. 4. 3.  2.  1. solutions, asfollows: primary form (deposit) orin drifts, tailings, smelting slags and natural and gaseous mineral rawmaterialsfoundinsolid,liquidstate, intheir According to law, mineral raw materials include all organic and inorganic 2.1.1. Management ofmineralrawmaterials 2.1. Introduction 2. Legaldt any otherunlistedmineralrawmaterialsofnaturalorigin. raw materials;and the process of obtaining, enriching and processing of primary mineral all secondary mineral raw materials occurring as unused residue from courses; precious stone, gravel and sand for construction outside of water- technical-con- shale, talk struction stone, architectural-building stone, ornamental and semi- talk, tuff, sulphur, pyrophyllite, clay, brick ite, ceramic andrefractory clay, keramzite, shale, mica, magnesite, orite, gypsum, graphite, chalk, limestone, quartz, quartz sand, quartz- flu- feldspar, dolomite, diatomite, marls, cement bauxite, white tonite, non-metallic mineral raw materials: abrasives, asbestos, barite, ben- all typesofsaltandsaltwater,gasesoccurringwiththem; compounds; mineral raw materials which can be used to produce metals and their other gasesfoundinsoilandradioactivemineralrawmaterials; solid, liquidand gaseous state, all types of bituminous sand oil rocks, energy mineralrawmaterials-all typesoffossilfuels, hydrocarbons in in FederationofBosniaandHerzegovina

INVESTMENT OPPORTUNITIES This activity has received funding from the European Institute of Innovation and 9 IN RAW MATERIALS IN Technology (EIT), a body of the European Union, under the Horizon 2020, the EU BOSNIA AND HERZEGOVINA Framework Programme for Research and Innovation 10 INVESTMENT OPPORTUNITIES This activity has received funding from the European Institute of Innovation and IN RAW MATERIALS IN Technology (EIT), a body of the European Union, under the Horizon 2020, the EU BOSNIA AND HERZEGOVINA Framework Programme for Research and Innovation II. Guidelinesforinvestors quences ofnaturaldisasters. and historical monuments, as well as for the rehabilitation of the conse- for the construction or reconstruction of religious buildings and cultural I. Strategiesandpolicies 2.2.1. BosniaandHerzegovina 2.2. Overview decision authorize the exploitation of stone in amount of up to 5,000 m Exceptionally, withoutaconcessioncontract,theGovernment may by Ministry ofIndustry,EnergyandMiningRepublicSrpska. The management of all mineral all rawmaterials is performedbythe 7.  6. 5. 4.  3. 2.  1. resources: to law,thefollowingmaterialsareconsidered asmineral According 2.1.2. Management ofmineralrawmaterials all othermineralrawmaterialsofnaturalorigin. processing ofmineralresources, technogenic mineral resources resulting from the exploitation and (hereinafter: groundwater), thermal sources, thermal waters andgases that occur withthem subsoil waters: mineral, technical and thermal mineral waters, geo- all typesofsaltandwater, cessing andforobtainingbuildingmaterials, non-metallic mineral raw materials, raw materials for industrialpro- metallic mineralrawmaterialsandtheirusablecompounds, gas, asphalt,oilshaleandradioactiveores, all typesofcoal,hydrocarbons(oilandnatural gas) andothernatural • • • • • • • • in RepublicofSrpska Overseas Business RiskinBosniaandHercegovina Economic Reform ProgramofBIH2018–2020 Economic andFiscalPolicyGuidelines 2018-2020 Framework transportpolicyfor BIHfortheperiod2015-2030 BiH CountryReportDecember 2017 Investment ClimateStatement BIH The developmentofindustrialpolicyinBIH The environmentalstrategyinBiH 3

I. Miningrelatedlegalacts 2.2.2. RepublicofSrpska VI. Supportprograms V. Environmentalpermits IV. Miningrelatedlegalacts III. Sectorrelatedlaws • • • • • • • • • • • • • • • • • • • • • • 2025 Amendments to SpatialPlan of RepublicSrpskabythe year ducting theconcessionprocedure Rulebook on the procedure for concession applications and con- The LawonWasteManagement Law onEnvironmentalProtection The LawonSpatialPlanningandLandUtilization eral resources Laws and regulations in the field of mining and exploitation of min- The LawonMining sized enterprisesinBIH EBRD supportprogrammes to developmentofsmallandmedium- EU ProgrammesavailabletoBIH The LawonConcessionsofBosniaandHerzegovina The LawonPublicProcurement Herzegovina The Law on the Policy of Foreign Direct Investment in Bosnia and ducting theconcessionprocedure(OfficialGazette65/2006) Rulebook on the procedure for concession applications and con- from naturalandotherdisastersinBiH The Law on protection and rescue of people and material goods Mining ofBosniaandHerzegovina Geology ofBosniaandHerzegovina Concession law The LawonProtection andRescueinEmergency Situations Law onAdministrativeProcedure Law onprotectionagainstnon-ionizing radiation Law onAirProtection Legal andadministrativeframework

11 INVESTMENT OPPORTUNITIES This activity has received funding from the European Institute of Innovation and IN RAW MATERIALS IN Technology (EIT), a body of the European Union, under the Horizon 2020, the EU BOSNIA AND HERZEGOVINA Framework Programme for Research and Innovation 12 INVESTMENT OPPORTUNITIES This activity has received funding from the European Institute of Innovation and IN RAW MATERIALS IN Technology (EIT), a body of the European Union, under the Horizon 2020, the EU BOSNIA AND HERZEGOVINA Framework Programme for Research and Innovation II. Concessionprocedure I. Miningrelatedlegalacts 2.2.3. FederationofBosniaandHerzegovina • • Law onMining inFBIH Law onGeological Explorations Figure 4. Figure 5. II. Concessionprocedure I. Miningrelatedlegalacts 2.2.3.1. Cantonlevel • • • • • • Law onForests Law ofWater Law onSpatialPlanning Law onMininginFBIH Cantonal LawsonConcessions Law onGeologicalExplorations Figure 6. Figure 7.

13 INVESTMENT OPPORTUNITIES This activity has received funding from the European Institute of Innovation and IN RAW MATERIALS IN Technology (EIT), a body of the European Union, under the Horizon 2020, the EU BOSNIA AND HERZEGOVINA Framework Programme for Research and Innovation 14 INVESTMENT OPPORTUNITIES This activity has received funding from the European Institute of Innovation and IN RAW MATERIALS IN Technology (EIT), a body of the European Union, under the Horizon 2020, the EU BOSNIA AND HERZEGOVINA Framework Programme for Research and Innovation more datavisit sented in moredetails as investment opportunities inthis brochure. For criteria; geological,social,legalaswelleconomicalfeasibility, arepre- criteria, whileonlyselectedA+rankeddepositscontaining all desirable A+ rank stands for deposits and occurrences with favorable geological criteria, environmental criteria andeconomic criteria (Figure 4 and 5). quality level in combination with reserves and resources quantity, social and bauxite magnesite deposits. Selection process included geological criteria containing data antimony, fluorspar, perspective in resulting For each of the deposits, investment potential has been estimated, Table 5.Reservesandresourcesofrawmaterials tial oftargeteddepositsforinvestors. poten- define to and territory B&H on (>120) occurrences and deposits in detailsordertoupdatereserves and resources estimations forall Four rawmaterials from the EU criticalrawmaterials list wereoverviewed 3.1. Introduction 3. Geologicaldt Antimony Fluorspar Magnesite Bauxite https://investrm.eu No. ofdeposits /occurrences 13 57 51 5

. Total reserves 35.067.305 t 100.000 t 537.784 t (A+B+C - 1 ) Total resources 20.852.00 t 3.414.700 t (C 115.000 t 2 , D - 1 , D 2 )

C Fluorit deposits: Any level of data quality, inaccessible documentation, expert judgement-short explanations based on area geological characteristics and historical data. Antimony deposits: Level C of data quality with inaccessible reserves documentation considering expert judgement. Magnesite deposits: Any level of data quality, less than 10.000 t of reserves any category. Bauxite deposits: Any level of data quality, less than 10.000 t of reserves A+B category or inaccessible reserves data. No or minimum geological data for individual deposit, based on regional scale geological data, CRM reserves not defined or poorly estimated. Data are based on references that describe the deposit’s wider area on regional scale (Publications, Scientific papers, Geological maps). In this group less than ½ of essential characteristics are delivered in the deposit template. No data about exploration and sampling for individual deposit avaliable. Reserves are estimated only on basic regional data. B Data are based on RANK (defined by InvestRM consortium) Fluorit deposits: Level A or B data quality, poorly estimated mineral resources or inaccessible documentation, expert judgement, historical data. Antimony deposits: Level A or B data quality, reserves are estimated only for all present raw materials in polymetallic deposit considering expert judgement. Magnesite deposits: Level A or B data quality, more than 10.000 t and less than 100.000 t of reserves (A+B+C category). Bauxite deposits: Level A or B data quality, more than 10.000 t and less 1.000.000 of reserves (A+B+C) category. Good-sufficient geological data for CRM reserves estimation based on deposit characteristics. references that describes the deposit’s wider area (Publications, Scientific papers, Geological maps), with similar geological characteristics. The second benchmark for assessing this level is at least ½ of essential characteristics delivered in the deposit template. Only partial exploration and sampling data for targeted CRM avaliable (e.g.: Polimetal deposits with estimation of total reserves for several RM, targeted CRM not or poorly individually described. Bauxite and Magnesite deposts with reserves estimation and deposits characteristics based on Bauxite or Magnesite region data with some exploration and sampling data for the individual deposit avaliable.). A Fluorit deposits: Level A or B data quality, poorly estimated mineral resources, expert judgement-short explanations based on area geological characteristics and historical data. Antimony deposits: Level A data quality, more than 10.000 t of reserves (A+B+C category) and expert judgement. Magnesite deposits: Level A data quality, more than 100.000 t of reserves (A+B+C category). Bauxite deposits: Level A data quality, more than 1.000.000 t of reserves (A+B+C1 category) or more than 500.000 t of A+B category reserves. Excellent geological data with defined and up to date CRM reserves and deposit characteristics. Data are based on references that describe the specific deposit (Elaborates, Technical documentation, Reports, Scientific papers, Geological maps). Moreover, the benchmark for assessing this level is at least ¾ of essential characteristics delivered in the deposit template. Exploration and sampling data avaliable for individual deposit.

1 (defined by I nvest R M consortium) P arameters Level of current geological knowledge - data quality Level of current geological knowledge - quantity S election criteria 1 (according to W ord R isk eport) Geological criteria

Figure 8. Selection criteria – Geological for ranking deposit and occurrences with parameters: a) Level of current geological knowledge – data quality 15 16 INVESTMENT OPPORTUNITIES This activity has received funding from the European Institute of Innovation and IN RAW MATERIALS IN Technology (EIT), a body of the European Union, under the Horizon 2020, the EU BOSNIA AND HERZEGOVINA Framework Programme for Research and Innovation

Figure 8. Selection criteria – Geological criteria for ranking deposit and occurrences with parameters: b) Level of current geological knowledge - quantity

Selection Parameters criteria 2 (defined by (according to A B C InvestRM Word Risk consortium) Report) Social licencing Acceptance by Excellent, local community is aware Sufficient, local community is aware Insufficient or problematic based on Local of need for economical prosperity of need for economical prosperity current state of mining activities; local community that industry brings along, local that industry brings along, however community does not accept industry mines operate without conflict, several incidents have been recently due to focus on other area supported by local community, reported from local mines operate, (agriculture, tourism), usually urban location of the deposit is within local community is partly supportive area. Local mines experience various poor rural area in the vicinity of but worried from the aspects of problems related to social urban area health and safety acceptance. Environmental Legal Excellent - Enviromental permit Good - EIA prepared Insufficient - exploitation filed NOT management requirements: issued included in the Master plan Master plan, EIA, Environemental permit Project Legal Excellent - Concession permit Good - mining project approved Insufficient - no research approved permitting requirements: issued and/or no reserves determined Preliminary investigation work, Mining project, Concession permit Skills Labour cost, 4 - 5 unique rank for B&H; in general 15% higher than average salaries availability skills, task force defined in a WP2 Social and Economics data M4-Magnesite field Teslić, B1-Bauxite field Pritoka-Tihotina-Trovrh, B2-Bauxite deposit Krnjeuša-Bravski vrh-Crni vrh. B2-Bauxite field Pritoka-Tihotina-Trovrh, B5-Bauxite Kosturi, deposit B4-Bauxite stijene, field Crvene deposit B3-Bauxite Podbraćan, B1-Bauxite Teslić, field M4-Magnesite Luka), (Banja Snjegotina field M3-Magnesite Ošve, deposit M2-Magnesite Kladanj, field site M1-Magne occur- Veovača, occurrence A4-Antimony Rupice, A2-Antimony field A3-Antimony Podhrusanj, rence Čemernica, occurrence A1-Antimony Žune, occurrence F1-Fluorspar Figure 10.Locationofselectedperspectivedeposits, occurrencesandmineralfields. Figure 9.Selectioncriteria2: Skills availability Project permitting Environmental management Social licencing Selection criterium and Economicsdata Labour cost,skills,taskforcedefinedinaWP2Social Mining project,Concessionpermit Legal requirements:Preliminaryinvestigationwork, Master plan,EIA,Environmentalpermit Legal requirements: Acceptance bylocalcommunity Parameter (definedbyInvestRMconsortium)

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17 INVESTMENT OPPORTUNITIES This activity has received funding from the European Institute of Innovation and IN RAW MATERIALS IN Technology (EIT), a body of the European Union, under the Horizon 2020, the EU BOSNIA AND HERZEGOVINA Framework Programme for Research and Innovation 18 INVESTMENT OPPORTUNITIES This activity has received funding from the European Institute of Innovation and IN RAW MATERIALS IN Technology (EIT), a body of the European Union, under the Horizon 2020, the EU BOSNIA AND HERZEGOVINA Framework Programme for Research and Innovation veins. Deposits cal mostvaluabledepositsare relatedtoiron-sulphide-siderite-barite intrusive plutonicbodiesand formationofpolymetallicveins. Economi- intracontinental rifting andsupportingvolcanicactivities resulting in formed mostly in late Paleozoic and lower-middleMesozoic period with Antimony occurrences are related to rift deposits in Inner Dinarides, 3.3. Antimony fluorspar. of grade high with areas some in deposit Ljubijapresentspolymetallic,predominant Pb-Zn-Fe region Mining Table 6.RankedlistoffluorsparoccurrencesontheBHterritory. 3.2. Fluorspar eral occurrenceswereidentified asperspectivesites. were identified as economically interesting occurrences offluorite. occurrences interesting According to available data, economically as identified were defined reservesofFluorspar. region Ljubija is the only occurrence on BH territory with separately Fluorspar Meovršje Hrmza Žune-Ljubija Pećine Vidrenjak-Ljubija • • • Status: abandoned,explorationlicense Location: RepublicofSrpska nantly barite,geologicalpotentialcouldbemuchhigher. in samedeposit, predomi- considering othercommoditiesappearing Reserves&resources: reservesandresourcesof Fluorspar are1.500 t, Podhrusanj, Čemernica, Veovača and level-quality Data A/B A/B B B A curne Žune occurrence Quantity Data- A+ A+ A+ B B licencing Social B B B B B (F1-Figure 1) in mining Environmental management Field Rupice Žune and C C C C C permitting Vidrenjak with sev- Project C C C C C

Table 7.RankedlistofantimonyoccurrencesinBH. Antimony Čemernica Podhrusanj Field Ljubija Totinovac-Viduša Field Rupice Rupice Rid Veliki do Križ Lisac Field Srebrenica Podkozara Veovača Vitlovac Čumavić eevs f l rw aeil i dpst eenc ae 9.3 t 299.234 are (A+B+C Čemernica deposit in materials raw all of reserves with length more than 4 km and thickness up to 120 m. Reported reported, with prevailing antimony concentration in the main vein gations. Moreover, several smaller polymetallic veins in this area are deposit area and can be clearly traced according to previous investi- Čemernica of middle the in located is vein bearing ore Polymetallic well knowndepositsofgold,silverandmercuryinsurrounding area. wider area. Historical data from middle age mining are describing and potential related withfavorable geologicalcharacteristics of reserves in BH.Itwashighlyrankedduetotheestimated reserves Occurrence Čemernica (A1-Figure1)holds12%oftotalAntimony • • • Status: abandoned, explorationlicense Location: CentralBosniaCanton Reserves: 11.935tofSb(A+B+C 1 ) level-Quality Data A/B A/B A/B A/B B B B A A A A A A A A Quantity Data- A+ A+ A+ B C B B B B B B B A

1 ) licencing Social B B B A A A A A A A A A

Environmental management B C B C B B A A A A A A

permitting Project B C B C B B A A A A A A

19 INVESTMENT OPPORTUNITIES This activity has received funding from the European Institute of Innovation and IN RAW MATERIALS IN Technology (EIT), a body of the European Union, under the Horizon 2020, the EU BOSNIA AND HERZEGOVINA Framework Programme for Research and Innovation 20 INVESTMENT OPPORTUNITIES This activity has received funding from the European Institute of Innovation and IN RAW MATERIALS IN Technology (EIT), a body of the European Union, under the Horizon 2020, the EU BOSNIA AND HERZEGOVINA Framework Programme for Research and Innovation tallic veinscontainantimonyinvaryingpercent. and resources, where barite,lead-zincandironoreprevail.Polyme- reserves 6.000.000 of over t Vareš-Borovica area,with of larger part Antimony veins withseveralcommodities:barite,zinc,leadandantimony. mony occurrence Rupice represents polymetallic barite-sulphide do andKriž, wider areawithadditionalregisteredantimonyoccurrencesRid,Veliki AntimonyoccurrenceRupiceaspartof Vareš-Borovica. zone ized Polymetallic Antimony present dayhasnotbeenreported. dating from late 1970s. The quantity of extracted commodity to Moreover it isnecessary to considerthat the reserves estimation is nese, chromium formed withcontactmetamorphism process. Beside antimony there are occurrences of aluminum, iron, manga favorable antimony environment controlled bygeological structure. reported reserves and resources, while another important factor is of behalf on defined was potential Geological resources. recorded mining site with 75 % of total BH reserves and only occurrencewith • • • • • • • • • • • of allsummarizedrawmaterials reserves. 71000 Centar,Sarajevo Društvo zaistraživanje ieksplotacijurude;ulica MaršalaTita3/2, Concessionare: Easternmining d.o.o.Sarajevo, Status: underdevelopment,exploration license Location: Zenica-DobojCanton Reserves: over3.000t(A+B+C 71000 Centar,Sarajevo Društvo zaistraživanjeieksplotacijurude;ulicaMaršalaTita3/2, Concessionare: Easternminingd.o.o.Sarajevo, Status: underdevelopment,explorationlicense Location: Zenica-DobojCanton Reserves: over10.000t(A+B+C Status: abandoned,explorationlicense Location: RepublicofSrpska Reserves&resources: 74.651t(A+B+C occurrence Veovača occurrence Podhrusanj represent10%oftotalreportedantimonyreserves.Anti- field Rupice(A3-Figure1)ispartofthelargermineral field

(A4 -Figure 1) ispolymetallicdeposit, 1 ) ofSb,6.000.000t(A+B+C 1 )

(A2 -Figure1)isanabandoned 1 ), C2=115.000t(C

2 ) 2 ) - Table 8.RankedlistofmagnesitedepositsinBH 3.4. Magnesite Magnesite Borik Moševac Magnesite Field Drinjača Zeničica Kladanj Magnesite Field Moševac Miljevica Paklenica Šahmanska Bašća Divan 1 Divan 2 Daska Beša Potok Drum Ošve Novi Šeher Magnesite Field Bijeli Klanci Samar Veliki Križ Sač Muratovac Žepče Magnesite Field Loznikovac Selište Čubrino brdo Polića njive Bajvat Magnesite Field Velike ravni Krčevina Maoča Dištica Magnesite region Dištica

Data level A/B A/B B B B B B B B B B A A A A B B B B B B A A A A A A A A A A A perspectivity Quantity- B/C B/C A+ A+ B B B C C B B B B C A A B C B C B B B C A A

licencing Social B B B B B B B B B B B B B B B A A A B B B B B B B B Environmental management B B C C C C C C C C C C C C A C C C C C C C C C C C permitting Project B B C C C C C C C C C C C C A C C C C C C C C C C C

21 INVESTMENT OPPORTUNITIES This activity has received funding from the European Institute of Innovation and IN RAW MATERIALS IN Technology (EIT), a body of the European Union, under the Horizon 2020, the EU BOSNIA AND HERZEGOVINA Framework Programme for Research and Innovation 22 INVESTMENT OPPORTUNITIES This activity has received funding from the European Institute of Innovation and IN RAW MATERIALS IN Technology (EIT), a body of the European Union, under the Horizon 2020, the EU BOSNIA AND HERZEGOVINA Framework Programme for Research and Innovation Table 8.Continued Magnesite Donje Lanište Olovo Magnesite Field Mladoševac Tovarnica Berina Mednjak Jelovac Banja Luka-Snjegotina Magnesite Field Magnesite Field Četnja Snjegotina Pločni Bukovički jarak Blatnica Magnesite FieldTeslić Mala Ukrina Dugovac Domaćevac Ravno brdo Stražbenica Brezna Tanasića potok Sigovac Raulića potok Prnjavor Magnesite Field Repište Jazaviči 1 Banja Luka-Vrbanja Magnesite Field Čađavica 2 Stanikova 2 Goveđa luka Paradnjak Maksimova kosa Vranilovići Skok Proleterov do Milošev jarak

Data level B B B B B C C A A A A A A A A A A A A A A A A A A A A A A A A A A A A A perspectivity Quantity- A+ A+ A+ A+ C C B C B B B B B B B B C B B B B C C C C C C C A A A

licencing Social B B B B A A A A A A A A A A A A A A A A A A A A A A A A A A A Environmental management C C C C C C C C C C C C C C C C C C C C C C C C C C C C C C C permitting Project C C C C C C C C C C C C C C C C C C C C C C C C C C C C C C C were identifiedaspotentialinvestmentssites. deposits with Snjegotina field Magnesite and jarak Magnesite field Teslić with deposits Ošve, Deposit crust originrocks. Field KladanjwithdepositMiljevica, nesite deposits occur as result of metamorphism and alteration of ocean Magnesite deposits are situated in Middle Bosnian Ophiolite zone. Mag t of resources the area was identified as Magnesite Field Novi Šeher. with severalsmaller magnesite occurrences with more than 40.000 Ošve Deposit represent 5,5 % of Magnesite reserves and resources in BH, together reported. were activities excavation or exploration large potential. The site was abandoned in the past and no later Magnesite deposit only operatingmagnesitedepositinBH. site with more than 30.000 t of annual capacity and currently the ing 5% of magnesite reserves in BH. Deposit Miljevica is an operating Drinjača andMiljevicaisthemost perspective site, present- rences Magnesite field Kladanj • • • • • • • Status: abandoned,storagelicense Location: Zenica-DobojCanton Reserves&resources: 150.000t(C1),65.000(C2) 75000 Tuzla Concessionare: Rudard.o.o,MitraTrifunovićaUčebroj9, Status: operating,explorationlicense Location: TuzlaCanton Reserves&resources:  is part of Magnesite field Novi Šeher with Šeher Novi field Magnesite of part is Ošve 4.800 t(C2)-occurrenceDrinjača Zeničica, 7.300 t(C1),55.000(C2)-occurrence 193.484 t(A+B+C1)-depositMiljevica, with identified deposit Blatnica, Bukovički jarak andMilošev Zeničica Jelovac andPločni and occur-

-

23 INVESTMENT OPPORTUNITIES This activity has received funding from the European Institute of Innovation and IN RAW MATERIALS IN Technology (EIT), a body of the European Union, under the Horizon 2020, the EU BOSNIA AND HERZEGOVINA Framework Programme for Research and Innovation 24 INVESTMENT OPPORTUNITIES This activity has received funding from the European Institute of Innovation and IN RAW MATERIALS IN Technology (EIT), a body of the European Union, under the Horizon 2020, the EU BOSNIA AND HERZEGOVINA Framework Programme for Research and Innovation are several occurrences; C1+C2). In the same area as part of magnesite field Snjegotina there (420.000 t C1+C2),Mednjak(113.100 t C1+C2)andPločni(437.757 t Snjegotina field Magnesite are 6 occurrences with over 100.000 t of resources in the same area. C1+C2) wererecognizedasperspectivesites. Furthermore, there jarak (120.000 t C1+C2) and Bukovički total BHMagnesite reserves. Deposits Blatnica(260.000 t C1+C2), Teslić field Magnesite 2 withmorethan250.000tofmagnesiteresources. • • • • • • Status: closed,storagelicense Location: RepublicofSrpska Reserves&resources (total-9deposits):1.231.900t(C1+C2) Status: abandoned,storagelicense Location: RepublicofSrpska Reserves&resources (total):881.000t(C1+C2) Snjegotina, Četnja, Stanikova 2 and covers 3 deposits withmore than 15% of

covers 3 perspective deposits; Milošev jarak (377.000 t Čađavica Jelovac Table 9.RankedlistofbauxiteoccurrencesinBH 3.5. Bauxite Bauxite Bešpelj-Crvene stijene Poljana Podzavelin-Vinica Studena Vrela Volujak-Kadim Zagorje Vinjani Vučipolje Trebistovo-Sobač stanine Mratnjača-Medine Krstače-Cerovi doci Varda planina njive Crne lokve-Kidačke draga Resnica-Grabova Uzarici-Knežpolje Trn-Sliškovića lokve Mamići-Rasno-Hamzići Blatnica-Lokvice Krehin gradac-Blizanci Ošljari-Krivodol Jasenjani Žovnica Vitina-Lipno Domanovići Bivolje brdo- Data level A A A A A A A A A A C A A A A A A A A A A A A A perspectivity Quantity- A+ A+ A+ A+ A+ A+ B B B B A B A A B C B A B A B B C A licencing Social B B B B B B B B B B B B A B A A B B B B B B B B Environmental management B C C C C C C C C C A C A C C C C C C C C C C C permitting Project B C C C C C C C C C A C A C C C C C C C C C C C

25 INVESTMENT OPPORTUNITIES This activity has received funding from the European Institute of Innovation and IN RAW MATERIALS IN Technology (EIT), a body of the European Union, under the Horizon 2020, the EU BOSNIA AND HERZEGOVINA Framework Programme for Research and Innovation 26 INVESTMENT OPPORTUNITIES This activity has received funding from the European Institute of Innovation and IN RAW MATERIALS IN Technology (EIT), a body of the European Union, under the Horizon 2020, the EU BOSNIA AND HERZEGOVINA Framework Programme for Research and Innovation Table 9.Continued Bauxite Poplat Gornji Brštanik Dabrica Hodovo vrh-Crni vrh Krnjeuša-Bravski Hrgud Kutuzero Služanj Pribojevići Bjelaj Viduša Udrežnje Žedanjsko Suvaja-Šolaja Dragošnica Trovrh Pritoka -Tihotina- Gerovi Kosturi Crvene stijene Veliki Skočaj Štedra Palež II-Braćan Šumarnica Podbraćan Palež Data level B B C B C B B B C A A A A A A A A A A A A A A A A perspectivity Quantity- A+ A+ A+ A+ A+ A+ A* B B B B B B B B B B C B C C C C C A licencing Social B B B B B B B B B B B A A A A A A A A A A A A A A Environmental management C C C C C C C C C C C C C C C C C A A A A A A A A permitting Project A* C C C C C C C C C C A A A A A A A A A A A A A A identified asinvestorsoppurtunities. reserves, Pritoka-Tihotina-Trovrh and Krnjeuša-Bravski vrh-Crni vrh were As notoperatingbutperspectivedepositswithover10.000.000 tof Bauxite reservesinthisareaareestimatedover20.000.000t. its. Most of the deposits inthis area are under concession and operating. as stijene Crvene deposits withthe largest reserves, together with several smaller depos- and Kosturi Podbračan, deposits; perspective eral Bauxite field Vlasenica-Srebrenica was recognized as large area with sev- spective notoperatinglargebauxitefields. licenses and recentactivitieswereregisteredtogether with several per- Several operatingopenpitsandundergroundmines with exploration and REE traces. Bauxite is mostly related to erosional unconformities. of Al richsediments with variating concentration of critical rawmaterials are related to transgressive-regressive cycles of sea level and formation distribution andare spread onlarge area of BH territory.Bauxite forms Bauxite depositsaremostlyrelatedtoPaleogen-Neogencarbonaticrocks ica-Srebrenica bauxitefieldwith10%oftotalBHreserves. Bauxite deposit ­territory. of 600.000 t with more than 5 % of total bauxite reserves on BH Vlasenica-Srebrenica, continuously operatingwithannual capacity Podbračan deposit Bauxit • • • • • • • • Location: RepublicofSrpska Reserves: 4.827.809t(A+B) Concessionare: “BOKSIT”a.d.Milići,Trgrudara1,75446Milići Status: operating Location: RepublicofSrpska Reserves: 2.300.000t(A+B+C Concessionare: BOKSIT”a.d.Milići, Trgrudara1,75446Milići Status: operating,productionlicense Crvene stijene (B1-Figure1) 1 ), C2=500.000t(C is an operating open pit in Vlasen-

s at f axt field Bauxite of part is 2 )

27 INVESTMENT OPPORTUNITIES This activity has received funding from the European Institute of Innovation and IN RAW MATERIALS IN Technology (EIT), a body of the European Union, under the Horizon 2020, the EU BOSNIA AND HERZEGOVINA Framework Programme for Research and Innovation 28 INVESTMENT OPPORTUNITIES This activity has received funding from the European Institute of Innovation and IN RAW MATERIALS IN Technology (EIT), a body of the European Union, under the Horizon 2020, the EU BOSNIA AND HERZEGOVINA Framework Programme for Research and Innovation several bauxite depositsandoccurrenceswithslightlyvaryingSiO containing km²) (80 area field large very the to due site, perspective vrhwas recognized as vrh-Crni Krnjeuša-Bravski field Bauxite km total BHbauxitereserves and resources. The areastretches over 50 Pritoka-Tihotina-Trovrh field Bauxite between 1-5%. perspective sites. estimated reserves andresourcessetthisdepositonthetopof reserves. Srebre­ Bauxite depositKosturi and Al Al bauxite depositsandvariesfrom62-75% with verylowSiO • • • • • • • • • • 2 O 2 , and according to data Al Status: notoperating,explorationlicense Location: Una-SanaCanton Reserves&resources: 10.000.000t(C Concessionare: BOKSIT”a.d.Milići,Trgrudara1,75446Milići Status: operating,productionlicense Location: RepublicofSrpska Reserves: 5.815.000t(A+B) Status: notoperating,explorationlicense Location: Una-SanaCanton Reserves&resources: 10.500.000t(C 3 content (varies between 58-69%) as well as large amount of 2 nica bauxite field with more than 10% of total BH bauxite total of 10% than more with field bauxite nica O 3 content. In general,lowSiO is an operating openpitinVlasenica- 2 O 3 content is the highest among BH 2 2 ) ) 2 content and high grade of

holds morethan 15 % of 2 content 2