Challenge the practice is addressing: This practice addresses the negative investment trends towards the mining industry. The InvestRM project will create a decision-making tool for raw materials companies and investors, mining institutes, technical universities, geological surveys, non-governmental association, the Bosnia and Herzegovina government and state institutions in order to facilitate investment in the raw material sector. The project is focused on Bosnia and Herzegovina due to its critical raw materials potential but will be fully transferable to other East and Southeast European (ESEE) countries.
Concrete practice to achieve the expected goal: The InvestRM project aims to design an online accessible, decision-making tool for facilitating investment in the raw material sector. The tool will contain relevant, updated and RM-tailored country data (legal, social, economic), together with verified critical raw materials database.
Expected impact/goal of the practice: The expected impact of this tool is to deliver structured country data (entity-based) together with relevant and validated geo-information on 120 critical raw materials deposits and occurrences within Bosnia and Herzegovina: antimony, bauxite (as a potential source of rare earth elements – REE), fluorite and magnesite.
Who is the target user group of the practice/intervention or implementing the practice/intervention? This practice is relevant for both industry and public policy contexts.