Developing a Deep Metal Mine in Bosnia With Paul Cronin

In this episode, we chat to Paul Cronin, MD, and CEO of Adriatic Metals, an ASX and LSE-listed precious and base metals explorer and developer that owns the world-class Vares silver project in Bosnia and the Raska zinc deposit in Serbia.

Paul's background is in corporate finance, investment banking, funds management, and commodity trading and is a co-founder of Adriatic Metals. He describes their journey in developing this world-class polymetallic underground mine in Eastern Europe and what this is going to bring to the region.

 

KEY TAKEAWAYS

• Bosnia has a well-developed coal mining industry. But their regulations are a little outdated compared to other jurisdictions.
• About two-thirds of their staff live locally, which is good for their standing in the community.
• Bosnia is rich in natural resources.
• The country has an abundance of cheap power and a fairly young diaspora that is starting to return to Bosnia, bringing all of their skills and experience with them.
• Inflation is having an impact. For example, the cost of diesel has proved to be a big issue. But, in Bosnia, the cost of power has not soared as it has in other jurisdictions.
• Bosnia is a vibrant, extremely beautiful, culturally rich, and welcoming place. People are extremely helpful, although some elements of bureaucracy move slowly.
• The expectation is that they will hit the ore body on their underground mine by October 2022.
• Production is scheduled to commence in Q2.

 

BEST MOMENTS

‘If we look at the way the two exchanges have behaved, we are still getting more liquidity on the ASX. ´

‘We are a company that delivers what it says it’s going to deliver. Largely on budget and on time.’

‘The prime minister was quoted in the Financial Times last year speaking very positively about the company and the industry.’

 

EPISODE RESOURCES

Website: https://www.adriaticmetals.com/

LinkedIn: https://www.linkedin.com/company/adriatic-metals-limited/

Twitter: https://twitter.com/AdriaticMetals

Facebook: https://www.facebook.com/adriaticmetalsplc/

 

VALUABLE RESOURCES

Email: rob@mining-international.org

Website: https://www.mining-international.org/

LinkedIn: https://www.linkedin.com/in/rob-tyson/

Twitter: https://twitter.com/MiningRobTyson

Facebook: https://www.facebook.com/DigDeepTheMiningPodcast/

Instagram: https://www.instagram.com/theminingpodcast/

YouTube: https://www.youtube.com/c/DigDeepTheMiningPodcast/videos

 

ABOUT THE HOST

Rob Tyson is an established recruiter in the mining and quarrying sector and decided to produce the “Dig Deep” The Mining Podcast to provide valuable and informative content around the mining industry. He has a passion and desire to promote the industry and the podcast aims to offer the mining community insight into people's experiences and careers covering any mining discipline, giving the listeners helpful advice and guidance on industry topics.

Rob is the Founder and Director of Mining International Ltd, a leading global recruitment and headhunting consultancy based in the UK specializing in all areas of mining across the globe from the first world to third world countries from Africa, Europe, the Middle East, Asia, and Australia. We source, headhunt, and discover new and top talent through a targeted approach and search methodology and have a proven track record in sourcing and positioning exceptional candidates into our client's organizations in any mining discipline or level.

Mining International provides a transparent, informative, and trusted consultancy service to our candidates and clients to help them develop their careers and business goals and objectives in this ever-changing marketplace.

Podcast Description

Rob Tyson is an established recruiter in the mining and quarrying sector and decided to produce the “Dig Deep” The Mining Podcast to provide valuable and informative content about the mining industry. He has a passion and desire to promote the industry and the podcast aims to offer the mining community an insight into people’s experiences and careers covering any mining discipline, giving the listeners helpful advice and guidance on industry topics.