Geomet d.o.o.
About us
Geomet d.o.o. was established in 2012 as part of Minecogroup UK and in 2018 it received the first new Exploitation License to be issued in Bosnia & Herzegovina in over thirty years. The target production is 120,000 tpa of cerussite lead ore. The project is located 5 kilometres from the town of Olovo. The mineralisation in the area has been known since Saxon times, however the first commercial attempt at extraction, which began in the late 1980s, was halted in 1992 due to war activities. The project is divided by a deep karst valley of the Biostica river, which also served as the front-line during the war for several years. Most of the mine’s infrastructure was destroyed during the conflict, but the underground development drives remained intact.
Mineco acquired the concession in 2012 and conducted intensive exploration works over four years, whilst simultaneously re-developing infrastructure and preparing the project for production.
The Olovo deposit is a high-grade vein type mineralisation of over 25 separates structures, which strike approximately E-W across the Biostica valley. After extraction, the ore is processed in a gravity separation plant, which requires no chemicals to separate the minerals. The plant has been successfully commissioned in autumn 2019. The Olovo project is in an area that has struggled with low employment and economic hardship in the years after the war. The current main employers in the area is a textile factory and the Olovo mine.