Zijin Mining to take majority stake in RTB Bor copper complex, commits $1.5bln for expansion

Zijin Mining will take a 63% stake in Serbia's RTB Bor copper mining and smelting complex and will commit $1.46 billion over the next six years to expand its capacity, the company said on Sunday September 2.

The Republic of Serbia set up the sale of Bor with bids received from Canada, China and Russia in August. Serbia has been trying to offload the state-owned complex since 2005 but has found it difficult to sell the asset due to its...

Published

Archie Hunter

September 03, 2018

17:05 GMT

London