CANSEE Canadian Serbian Business Association and its members from exploration and mining industry group will be attending PDAC, the biggest International fair and conference on geological exploration and mining, in Toronto, from March 5 – 8. The first event, scheduled for Sunday, March 5 is the presentation of the Metal Riches of Tethyan Belt, during which two CANSEE founding members, Nevsun Resources and Mundoro Capital will present their ongoing projects in Serbia.
With the advent of modern exploration in Eastern Europe, Turkey and the former Soviet Union, the western Tethys has emerged as a province remarkably endowed with copper and gold, as well as lithium, borates, and nickel. Major discoveries have occurred in outcropping but traditionally unrecognized deposit types and new districts, as well as in concealed, blind and sub-cropping but atypical deposits within long-recognized districts. Two large Canadian based companies that are doing business in Serbia, Nevsun Resources and Mundoro Capital, will present their ongoing projects in the prominent Tethyan metallogenic belt, in order to promote potentials of Serbian mining sector.
Mundoro Capital Inc. has currently eight ongoing projects in Serbia focused on copper and gold, all of them in Timok Metallogenic Complex. Four exploration projects are in a joint venture with Japanese state owned agency JOGMEC. In March 2017, Mundoro celebrates 5 years since obtaining the first exploration license in Serbia.
Nevsun Resources has significant exploration potential in Serbia: Rakita, which includes the Timok copper-gold project, has four exploration permits in a joint venture agreement with Freeport-McMoRan; Tilva, which includes four permits that are subject to a joint venture agreement with Rio Tinto, and seven permits that are 100% owned by Nevsun.
The session, during which projects from Bulgaria, Macedonia, Turkey, Armenia and Serbia will be presented, focuses on several of the more significant recent discoveries, development projects, and emerging greenfield prospects, spanning a range of geologic environments, discovery histories, and development case-studies.
In addition to the visit to PDAC conference, CANSEE Canadian Serbian Business Association in cooperation with the Embassy of Canada to Serbia and the Embassy of the Republic of Serbia in Ottawa, is organizing the First Canadian Serbian Business Event with the purpose of promoting Canadian Serbian business relations. This international event will be held on March 8, at the Consulate General of the Republic of Serbia in Toronto, starting from 14h.