Minister of Mining and Energy Aleksandar Antic and Vice President and Executive Director of Zijin Mining George Fang signed today the Agreement on the acquisition of the Bor Mining and Metallurgical Complex (RTB Bor) by that company.
Q:
A:
Chinese company Zijin Mining officially takes over RTB Bor
Belgrade,
18 December 2018
After the signing of the Acquisition Agreement, Antic emphasised that this is a very important day for Serbia, RTB Bor and our economy, and voiced hope that Zijin Mining will start to work very quickly and efficiently.
He expressed his conviction that this is one of the best processes through which Serbia has passed in the period of privatisation and strategic partnerships, which absolutely guarantees that RTB Bor will develop, have a strong investment policy, keep jobs and hire new people.
The Minister said that Zijin Mining yesterday paid $350 million to the account of RTB Bor, thus acquiring the ownership of 63 percent in RTB Bor and added that the Chinese company will pay the $200 million debt of RTB Bor in the next two days.
-
Author: Tanjug
-
Belgrade, 27 June 2025Double Taxation Avoidance Agreement with Germany signed
-
Kostolac, 25 June 2025Construction of Kostolac wind farm nearing completion
-
Belgrade, 24 June 2025Government supports request for new postponement of sanctions against NIS
-
Belgrade, 23 June 2025Procedures to facilitate sale of Serbian products to China to be accelerated
-
Belgrade, 21 June 2025Serbia receives first funds under Growth Plan for the Western Balkans
-
Belgrade/Cairo, 20 June 2025New phase in relations with Egypt in field of agriculture
-
Belgrade/Athens, 18 June 2025Serbia’s leadership position in power sector
-
Obrenovac, 10 June 2025Trans-Balkan Corridor most important project for electricity transmission in region
-
Belgrade, 4 June 2025Improving business climate in agricultural, food sector
