Q:
A:
Bids opened for RTB Bor
Belgrade,
23 November 2007
The Serbian Privatisation Agency stated that at the second sitting of the first session of the tender commission in charge of monitoring implementation of the public tender for the single sale of the assets and transfer of accompanying mining rights of the mining and metallurgical complex RTB Bor, bids for purchase of the capital of this company were publicly opened.
According to the statement, the RTB Bor Group consists of the Bor copper mines, in restructuring, Majdanpek copper mines in restructuring, and the Bor smeltery and refinery, in restructuring.
The tender commission examined the report by advisors on additional qualification documentation for the bidder Strikeforce Mining and Resources Ltd, which was unanimously adopted.
In accordance with tender regulations technical bids were opened in order of arrival and it was decided that both offers are valid for opening financial bids.
The tender rules define that the only and key factor which will determine ranking of bids is the purchase price offered for assets of the entity being privatised.
It was decided upon opening of financial bids that Strikeforce Mining and Resources Ltd has offered a purchase price of $370,000,000, and the consortium A-Tec Minerals and Metals Holding GmBH, A-Tec Industries AG, Montanwerke Brixlegg AG offers a price of $466,000,000.
Financial and legal advisors of the Privatisation Agency will carry out an assessment of bids submitted which will be presented to the tender commission at its next session when bids will be officially ranked.
Negotiations with the top bidder on concluding a sale contract, and a contract on transfer of exploitation rights, will then ensue.
The tender commission examined the report by advisors on additional qualification documentation for the bidder Strikeforce Mining and Resources Ltd, which was unanimously adopted.
In accordance with tender regulations technical bids were opened in order of arrival and it was decided that both offers are valid for opening financial bids.
The tender rules define that the only and key factor which will determine ranking of bids is the purchase price offered for assets of the entity being privatised.
It was decided upon opening of financial bids that Strikeforce Mining and Resources Ltd has offered a purchase price of $370,000,000, and the consortium A-Tec Minerals and Metals Holding GmBH, A-Tec Industries AG, Montanwerke Brixlegg AG offers a price of $466,000,000.
Financial and legal advisors of the Privatisation Agency will carry out an assessment of bids submitted which will be presented to the tender commission at its next session when bids will be officially ranked.
Negotiations with the top bidder on concluding a sale contract, and a contract on transfer of exploitation rights, will then ensue.
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