Comparative risk analysis of development of the lignite basins in Serbian part of the Danube region

Abstract

The paper gives an overview of the global business risks and risks in the mining development in the Kolubara and Kostolac lignite basins in the area of the Danube river in Serbia. An identification of main risks is undertaken by application of a comprehensive development framework approach, comparative analysis and Spider method. Risks in the development of mining are emphasized by global economic and financial crisis, as well as by the adoption of Kyoto Protocol regulations and mechanisms. The paper shows that the consideration and elimination of risk factors is important for the increase of competitiveness and energy efficiency in the lignite basins as an integral part of the efforts for achieving the sustainable development in the Serbian part of the Danube region.