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Adriatic Metals releases Vares ESIA

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Global Mining Review,

Adriatic Metals PLC has announced the release of its environmental and social impact assessment (ESIA) for its Vares Project in Bosnia & Herzegovina.


  • Adriatic has undertaken an ESIA in line with best international practice.
  • Baseline studies started in 1Q20, following a screening and scoping study that commenced in 4Q19.
  • The company appointed Wardell Armstrong International to develop the ESIA, in order to conform with the Performance Requirements set out in the European Bank for Reconstruction and Development’s (EBRD) 2019 Environmental and Social Policy.
  • The ESIA has now been released for a 60-day public review and disclosure period.
  • The data from the baseline studies, and predictive modelling of the project components and activities, has informed a comprehensive suite of environmental and social management plans. These will guide the company’s activities throughout the development, exploitation, and ultimate decommissioning of the Vares Silver Project to avoid, minimise and manage impacts.

Paul Cronin, Adriatic’s Managing Director and CEO, commented: “The completion of the first natural resources ESIA in Bosnia & Herzegovina is a significant step forward for the Adriatic Metals’ team, and reinforces our commitment to both best international practice, as well as to the communities and environment that host our operation. As we end nearly two years of studies, our passionate and committed staff can start the development of the Vares Silver Project, secure in the knowledge that they understand the requirements of the community and have the tools available to minimise, and where required, mitigate the impacts of our operation.”

Eric Rasmussen, EBRD’s Director of Natural Resources, added: “The EBRD has published the Vares Silver Project ESIA for public consultation. The ESIA has been developed by Adriatic Metals following over nearly two years of studies to meet EBRD’s Performance Requirements under its 2019 Environmental and Social Policy. The Performance Requirements set out good international practice for the management of environmental and social impacts and risks and aligns with Adriatic Metal’s commitment to environmental and social stewardship and its support of communities near to the mine. EBRD has supported Adriatic Metals in the development of this ESIA which sets a high standard for the Vares Silver Project and future projects.”

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