Serbia was granted European Union “Candidate Status” in March 2012 and possesses a modern network of roads, rail and power distribution. Modern mining infrastructure exists throughout the country; for example in the Timok Magmatic Complex, where in 2018, the Zijin Mining Group invested US$2.5 billion into the RTB Bor Copper-Gold Project and purchased Nevsun Resources. The country is open for foreign direct investment and offers a 15 % corporate tax rate. The cost of electricity ranks, next to Bulgaria and the Czech Republic, among the lowest in Europe and the country has an affordable and highly skilled labour force.
Mining in the region dates back to the middle ages when silver, gold and lead were extracted. Modern Serbia comprises a large portion of the re-emerging Western Tethyan gold and copper belt, ranked as one of the top metal endowed belts globally. Large scale copper and gold mining occurs at the Bor and Majdanpek mines in the Timok Magmatic Complex in eastern Serbia. Modern exploration in the country only commenced within the last 15 years and resulted in the discovery of multiple large deposits throughout the country. Raiden Resources is one of the largest exploration ground holders in Serbia.