Čukaru Peki Copper-Gold Mine
Čukaru Peki Copper-Gold Mine
Čukaru Peki Copper-Gold Mine
Čukaru Peki Copper-Gold Mine
Čukaru Peki Copper-Gold Mine
  • Location
    Bor, Serbia
  • Ownership
  • Project status
    Upper Zone is in operation, Lower Zone is under construction
  • Deposit Type
    HS Epithermal (Upper Zone)+Porphyry (Lower Zone)
  • Mineral Resources (Inclusive of Mineral Reserves)
    Upper Zone: Contained Copper of 1.45Mt with grade of 2.63% and gold of 2.44Moz with grade of 1.37g/t; Lower Zone: Contained Copper of 18.55Mt with grade of 0.76% and gold of 12.38Moz with grade of 0.16g/t
  • Mining & Processing methods
    Underground mining + flotation
  • 2022 Production
    Mined Copper: 111kt; Mined Gold: 152koz
  • Project Overview

    Čukaru Peki is an ultra-large copper-gold mine in Bor, Serbia, comprising an Upper Zone and a Lower Zone. Alongside the Bor Copper Mine, it strives to position Bor as Europe’s second-largest copper mining base and make Serbia the continent’s second-largest copper producer.

  • Debottlenecking and Expansion

    The Upper Zone, home to an ultra-high-grade copper deposit, is now fully operational and performing robustly. Upon reaching the nameplate capacity, it is projected to produce 91.4 thousand tonnes of copper and 2.5 tonnes of gold annually, with potential peak outputs of 135,000 tonnes of copper and 6.1 tonnes of gold.

    Meanwhile, the Lower Zone is slated for large-scale development through block caving, with early preparations and permitting currently underway.

  • ESG

    Čukaru Peki is committed to pursuing development for all, a principle that guides its interactions with the local communities. It has made significant contributions to local infrastructure, environmental protection, free internet access, and job creation, generating over 3,000 direct and indirect jobs.

    Its notable initiatives include donating the Fire-Eye virus testing lab with complete equipment to Niš, constructing a water supply system for the Metovnica village in Bor, and upgrading the main roads in neighboring communities.

    Moreover, it is actively propelling a broad range of national and regional initiatives, such as Sports and Health, Healthy Drinking Water, the For the Future education program, and community programs such as the Safe Homecoming roads and Winter Warmth firewood deliveries to local households

    Ambitious in its environmental goals, it aims to establish Serbia’s first modern “park-like” green mine. To achieve this, it has undertaken significant measures on water, air, noise, and waste management, and ecological restoration, with notable results. Around the mine, it has set up stations for monitoring dust, noise, blasting vibrations, and water quality. With samples being collected regularly, it engages independent third-party agencies to conduct assessments.

  • M&A

    Zijin Mining secured a 100% equity interest in the Čukaru Peki Copper-Gold Mine through two transactions in 2018 and 2019.