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Serbia has bowed to long-standing public pressure, throwing the Australian miner’s $US2.4 billion project into disarray. The news comes ahead of its general election in April and with Serbia-Australia relations at a low point since the deportation of Novak Djokovic.
SERBIA-LITHIUM/RIO TINTO (UPDATE 2, PIX):UPDATE 2-Rio Tinto shares plunge as Serbia pulls plug on its $2.4 bln lithium project
Shares in Rio Tinto tumbled after Serbia revoked its lithium exploration licences over environmental concerns, hurting the Anglo-Australian miner's ambition to becom...
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As expected, the ASX is lower today. The S&P/ASX200 had dropped 121.50 points or 1.65% to 7,220.90 at time of writing. The index has lost 2.34% for the last...