Zijin Mining plans to invest USD350 million in Serbian RTB BOR

Zijin Mining announced on September 17th that it signed an agreement with Serbia and will invest a total of USD350 million (about 2.Asian Metal Copyright26 billion including the above capital increase in the technical innovation and expansion of its four mines and one smelting plant within six years.Asian Metal Copyright398 billion yuan) to increase the capital and share of Serbian RTB BOR within three years.Asian Metal Copyright RTB BOR will invest about USD1.Asian Metal Copyright After the increase of capital, Zijin Mining will hold 63% stock equity of RTB BOR.Asian Metal Copyright .Asian Metal Copyright RTB BOR will invest about USD1.Asian Metal CopyrightZijin Mining announced on September 17th that it signed an agreement with Serbia and will invest a total of USD350 million about 2.Asian Metal Copyright26 billion (including the above capital increase) in the technical innovation and expansion of its four mines and one smelting plant within six years.

RTB BOR group is a state-owned copper company in Serbia and owns the only copper mine and smelting plant which are in operation in the country. Its projects enjoy abundant resources and the deposits are porphyry type copper-gold ones whose ore body are thick and easily to be explored; in addition, its mines are located in the famous Eurasian metallogenic belt which has a good prospect and great potential for prospecting.

.Asian Metal Copyright26 billion including the above capital increase in the technical innovation and expansion of its four mines and one smelting plant within six yearsAsian Metal Copyright