Adriatic Metals BH Ltd entered the BiH market in 2017 after the acquisition of a domestic company in Vareš. They currently employ 550 workers. Investments to date amount to over 400 million US dollars, and the company is fully export-oriented.

Adriatic Metals BH holds a concession for research and exploitation in Bosnia and Herzegovina.

The project in Vareš consists of two exploration sites, where copper, iron ore and barite were previously exploited.

Before the 1990s, the company conducted in-depth exploration and identified significant quantities of lead, zinc, silver, gold, copper and barite.

So far, due to problems related to state land and its disposal, the investment has been delayed by a year. This delay has resulted in a loss to the state budget in terms of direct taxes, contributions and VAT, which at the same time means less funds in the budget in terms of direct taxes and contributions as well as VAT.

During the meeting, this problem was discussed, related to the disposal of state land, and the company representatives proposed as a possibility to overcome the problem the establishment of a Management Board for State Land so that it could be given for use for a limited number of years, without changing the ownership structure.

During the meeting, other challenges at the BiH market that are important for foreign investments, were also discussed. It was emphasized that there is good cooperation with government representatives, as well as a review of the positive aspects of the BiH market.

The visit was carried out as part of the Aftercare program that FIPA implements together with other institutions from the so-called Collaborative Network, which was formed with the technical support of IFC from the World Bank Group.