The MAL acquired on 18. July, 2008 from the Ministry for Economic Development 10 year concession rights for an undisclosed price to conduct bauxite exploration and extraction operations in Montenegro. It was given access to a 17.4 square kilometers area of Niksic. The concession fee depends on the extracted volume and it is to be paid to the state. MAL expects to begin the extraction in 2010 after fulfilling the control drillings with investment expenditure of 2 million EUR. MAL accepted also the obligation to explore bauxite in length of 52.000 meters for 15.6 million EUR.
In case of successful activity in Montenegro MAL hopes to supply the alumina plant in Ajka with bauxite in 2010 only from bauxite mines owned by the company.