Biography

Dr Božo Drašković

Dr. Božo Drašković, professor of economics and ecology.

Graduated, earned a master’s, and defended his doctorate at the Faculty of Political Sciences. Became a research associate at the Institute of Economic Sciences in 1991, and served as director from 2004 to 2006.

Published numerous scientific papers, co-authored two monographs, and participated in research on enterprise restructuring, markets, and foreign investment.

Currently teaches Microeconomics at the Faculty of Banking, Insurance, and Finance, Union University, and Economics of Ecology at the Faculty of Applied Ecology, Futura University, Singidunum.

Interview

Professor Drašković: Lithium Exploitation in the Jadar Valley Cannot Be Environmentally Safe or Economically Viable for Serbia

In a conversation with Professor Božo Drašković for the show “Lithium: Experts Speak”, key economic, ecological, and social risks of lithium exploitation in the Jadar Valley were highlighted. Drašković shares his views on the sustainability of the project, responsible use of natural resources, and the need for independent and transparent analyses that would protect the interests of Serbia and future generations.

Professor Drašković, good day and welcome. Are you aware that somewhere in the world, lithium exploitation on fertile land is being planned?

Let’s just look at some basic information, seriously, without manipulation. I am not aware that lithium exploitation is being carried out in areas that are inhabited and where there is agricultural land, or resources suitable for other activities. Planning is one thing, implementation is another. In serious and responsible countries, planning may exist, but investment and execution only happen once all prerequisites are met to ensure that exploitation—in this case, lithium—does not endanger the environment, surroundings, or biodiversity. In other words, in such countries, operations do not take place where these conditions are not met.

Is it possible to carry out lithium exploitation in the Jadar Valley in an environmentally acceptable manner?
In your opinion, is it responsible and long-term, actually rational, to leave natural resources to future generations, and here I primarily mean healthy soil, clean air, and water?
Are you against mining as an economic sector?
Can any company guarantee that there will be no leakage of toxic substances or environmental pollution in the case of mining in the Jadar Valley?
Thank you for this introductory part, Professor. In your analyses and appearances, you have repeatedly emphasized the importance of non-renewable natural resources in Serbia. How would you generally describe the current situation regarding our country’s use of natural resources?
And where do we stand in this regard?

We have actually neglected careful management. We have good regulations, but our practice is completely different. We destroy water quality, reduce or destroy forest ecosystems in some areas, conduct intensive exploitation of various mineral resources—not only coal but also copper, gold, other minerals, and quarries. We do not pay much attention because the basic thing is to enable actors to earn as much money as possible by converting nature into wealth, while society usually suffers, and in the long term, the entire community suffers. We do not pay enough attention, we lack strategy, and we do not have a clear plan. Why? Because strategies are often written very generally. True research is rarely conducted, and future projections are rarely made. Such strategies must be developed for 20, 30, 50 years, not 2 or 3 years, and that is the problem.

When considering the economic calculation for the natural resources we are discussing, why is it important, and why is it difficult to make an accurate assessment in such projects? Could you also outline the main factors that make this analysis challenging?

It is necessary, especially when evaluating resource value, to consider two things. One is the structure of their influence on the final product and market price—how much each factor affects it, which can be modeled—and on the other hand, the costs necessary to reserve to prevent and mitigate negative consequences from exploiting a specific resource, in this case, mining.

These are two things you must consider to have a proper economic-development policy. Let me give an example: you exploit coal to run a thermal power plant. Negative effects of the plant include emissions of sulfur dioxide and carbon dioxide, as well as ash and other byproducts. Technologically, solutions like electrostatic filters can be applied to reduce emissions, but the fundamental benefit is producing electricity that reaches consumers, electric motors, devices, etc. In that final energy, coal itself is not visible. If we focus on coal itself, we must consider the cost of electricity, allocate resources to mitigate impacts, and remediate—that is, compensate for damage caused by economic activity in nature. For open-pit coal, some mitigation through natural processes is partially possible.

Two things are especially important to understand: first, in theoretical debates in social sciences, we must consider the theoretical positions of authors, how they justify them, and demonstrate the applicability or shortcomings of those approaches in practice. Only by synthesizing different approaches can solutions be found that allow proper management of resources. Unfortunately, authorities or policymakers often do not appreciate such approaches, as seen in many countries, including ours.

How does this manifest?
Because of these uneducated people or the increasing and unrestrained use of natural resources in Serbia, many fear the country will become a mining colony, and you say it already has. On what basis do you assert that?

De facto, it already has. Historically, after the Balkan Wars and the continuation of Serbia as an independent state, then the Kingdom of Yugoslavia, looking at ownership data of mineral wealth, most of it was in the hands of foreign companies - “Rudnik Bor Francuza” etc. This applied to other mines in Serbia. Foreign companies owned resources. If there was justification at that time due to lack of education or engineers, it might have been necessary, but today, there is no justification. Current reality: hydrocarbon exploitation is handed to Russians, copper and gold to Chinese. These are key resources. Minor ownership in Bor is another matter.

We have handed over exploitation, and they exploit intensively. Chinese companies, for example, achieve in one year what used to take our managers ten years. Political factors dictated management instead of experts. This applies also to the oil industry. Except for coal and some zinc exploitation, key mining and processing is in foreign hands. Once majority ownership is granted, Serbia has de facto entered a neocolonial position. Regulatory frameworks were designed to maximize benefits for owners.

Professor, you often emphasize that the state should commission an independent economic study of the Jadar project. Is it realistic to expect this and that it would ensure project transparency?

We have scientific resources, young researchers, institutes, faculties that could work on such a multidisciplinary project. Focusing only on formal legal aspects or mandatory environmental impact assessments is insufficient. The state should engage people independently of political influence. Two separate groups could conduct parallel studies. Six months to a year is sufficient for thorough studies, covering mining, technological, physico-chemical, hydrological, economic, legal, sociological, and biological aspects. The goal is a comprehensive analysis presented to state authorities, then results can be disclosed publicly.

Currently, we have a study by the Serbian Academy of Sciences and Arts from several years ago, largely ignored. Pre-agreed arrangements exist politically, with European structures outsourcing “dirty” projects while keeping their own areas clean. Agreements, strategic plans, and raw material lists serve their interests—reducing dependence on China for batteries, cars, lithium, and boron. My interest is different: Serbia’s strategic interest must be prioritized.

Is this why you claim we are being treated like guinea pigs? Who is pushing this?
Is it too late to protect our interests?

No, it is never too late. Mechanisms exist. Social movements can prevent exploitation. Citizens must be informed to make decisions. We can act, as in the cases of Bor, oil, and gas. Companies and states have economic interests, and Serbia must protect its own.

Professor, what message would you leave for citizens and colleagues?
Thank you professor for sharing your views and knowledge with us.

Litijum: Stručnjaci govore

Naši gosti, nezavisni stručnjaci iz raznih naučnih oblasti, pružiće stručno i objektivno mišljenje o ovoj temi, koja ima dalekosežne posledice za našu prirodu, buduće generacije i zdravlje.

Litijum: Stručnjaci govore

Naši gosti, nezavisni stručnjaci iz raznih naučnih oblasti, pružiće stručno i objektivno mišljenje o ovoj temi, koja ima dalekosežne posledice za našu prirodu, buduće generacije i zdravlje.

Lithium: Experts Speak

Our guests, independent experts from various scientific fields, will provide professional and objective opinions on this topic, which has far-reaching consequences for our environment, future generations, and public health.

© Copyright 2026. All right reserved