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RTB BOR Copper Mine in Serbia completed delivery of Zijin Mining $350 million, accounting for 63% of the shares.

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On December 18, the RTB BOR Copper Mine project in Serbia held a delivery ceremony in Belgrade. Zijin Mine acquired 63% of the project for US$350 million, which is the largest investment by China in Sierra Leone so far.


On December 18, the RTB BOR Copper Mine project in Serbia held a delivery ceremony in Belgrade. Zijin Mine acquired 63% of the project for US$350 million, which is the largest investment by China in Sierra Leone so far.


It is understood that RTB BOR Copper Mine was once Serbia's core industrial project, which controlled four mines and one smelter, and was the only copper mine in the country. By the end of 2017, RTB BOR Copper Mine had a total ore reserve of 2.556 billion tons, of which 10.29 million tons were copper, with an average grade of 0.403%. According to the agreement, Zijin Mining also agreed to invest about US$1.26 billion (including US$350 million) in technological renovation, expansion or new construction of its mines and smelters within six years from the date of delivery of the project.

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