SeeNews reports that Dacit will pay a concession fee representing 5% of the income generated from the exploitation of the Skakavac andesite quarry located near the town of Srebrenica, the Serb Republic's energy ministry said in a statement.
The ministry granted concession rights to Dacit in February this year states SeeNews. The total investment value of the project amounts to KM 313,000 (€160,000).
According to local media reports, the contract stipulates that Dacit is expected to start works at the quarry within 18 months.
The estimated amount of andesite to be produced during the term of the concession is 700,000 cubic metres, news daily Nezavisne Novine reported last Wednesday.
Srebrenica is in the Serb Republic - one of two autonomous entities that form Bosnia and Herzegovina. The other one is the Federation.