GEOLOGICAL AND ECONOMIC ASSESMENT OF THE PERSPECTIVE OF THE MINING IN LJUBIJA ORE REGION

The iron ore of the Ljubij a ore region for decades has a very great impact on the overall social reproduction in the area of the city of Prijedor, RS, BiH, which is clearly connected with the constant renewal and intensification of the production process. We have systematic geological explorations last over 135 years and exploitation with certain interruptions over 100 years. Existing resources/reserves should be optimally activated in order to achieve the commercial viability of investment funds invested in them, but also those that have yet to be invested, and a certain expected national benefit, and at the same time an intensive geological exploration of the potential space for finding new reserves in terms of iron ore base. The paper attempts to assess the real justification of further geological exploration and exploitation in this area and the strategy for further development of iron ore mining.