IDERA Mineral Resources is a mid-tier mining company with gold mines operating in different regions globally: East Europe, Balkan, East Afrika and West Africa. Within these regions the company is developing high potential mining districts that encompass operating mines, construction, development, and exploration projects.
The company explores epithermal gold mineralisation connected to quartz latite intruded in granodiorite and secondary gold deposits in alluvial sediments in Serbia, while in Africa gold mineralisation is mostly settled in volcano-sedimentary Birimian formations (greenstone belts).
Serbia (one of the states of former Yugoslavia) has a long and prosperous mining history and good mining and geology university studies, which has contributed to the presence of a great number of experts and skilled technicians. The fiscal regime in Serbia is highly supportive of the extractive industries with a 15% corporate tax rate and a 5% NSR royalty.
Africa, as the third largest gold producing continent, with 21 countries in which gold is mined, it is a highly prospective gold mining territory. Africa is widely known for a flat, outcrop lacking countries, but rich in gold deposits easily accessible with open pits. Open pit mines enable lower costs and tend to be more attractive to many more companies than the regular underground mines.