The state-owned coal producer Rudnik uglja Pljevlja has initiated commercial operations at its newly leased asphalt plant, marking a strategic shift to diversify the local economy as the region prepares for a gradual reduction in coal reliance. The facility, located in the village of Bušnje, was leased from the bankruptcy administration of Vektra Jakić for €10.7 million.
Commercial production commenced in May 2026, following a year dedicated to trial runs and necessary equipment repairs. To date, the plant has generated approximately 3,500 tonnes of asphalt, with around 2,000 tonnes produced since the start of commercial operations. Pricing for the asphalt ranges from €83.35 to €93.06 per tonne, excluding VAT, depending on various factors such as type and thickness.
While most of the asphalt produced is intended for internal use by Rudnik uglja, the company has also engaged in external contracts, including road construction projects in Kalušići and paving tasks in several locations within Pljevlja.
The financial viability of the asphalt venture remains unclear due to a lack of disclosed data on operating revenues, expenses, and utilization rates. The company plans to release its first comprehensive financial results by the end of 2026.
At the highest selling price, total production of 3,500 tonnes could yield gross theoretical revenue of approximately €326,000, before VAT and assuming all output is sold externally. However, given that a significant portion of the asphalt has been allocated for internal projects, traditional revenue assessments may not fully capture the project’s economic impact.
This initiative aims not only to maintain employment but also to establish a new business segment as Pljevlja transitions towards a future with reduced coal dependency. The long-term success of this investment will hinge on sustained external demand, competitive production costs, and transparent financial reporting rather than solely on internal consumption for Rudnik uglja’s roadwork needs.
