Čukaru Peki is a world-class copper-gold mine in Serbia, comprising an Upper Zone and a Lower Zone. The Upper Zone contains high-grade copper-gold ore lumps, while the Lower Zone is an ultra-large porphyry copper deposit.
In addition to Čukaru Peki, Zijin Mining operates another world-class copper asset in Serbia, the Bor Copper Mine. Their combined output in 2024 was 292,900 tonnes of copper and 8 tonnes of gold, maintaining Zijin’s position as the second-largest copper miner in Europe. Their combined guidance for 2025 is 290,000 tonnes of copper and 7 tonnes of gold.
Further expansions are being advanced at the Lower Zone of Čukaru Peki and the Bor Copper Mine, targeting a total copper output of 450, 000 tonnes per annum. Once achieved, this is expected to position Zijin as the largest copper producer in Europe.
The Upper Zone, home to an ultra-high-grade copper deposit, is in production. Its processing plant has been expanded, with throughput rising from 12,000 to 15,000 tonnes per day. The operation is currently upgrading the crushing circuit for its new milling and flotation facility, which will further increase its throughput. Concurrently, development of the -320 level ore pass and crushing system is underway, which will boost underground production capacity.
Meanwhile, the Lower Zone will be developed through block caving, with prefeasibility studies completed and permitting currently underway.
Zijin Mining secured a 100% interest in the Čukaru Peki Copper-Gold Mine through two transactions in 2018 and 2019.
Committed to building Serbia’s first modern green mine, Čukaru Peki employs online, real-time water quality monitoring and maintains zero discharge of industrial wastewater. The project helps improve local livelihoods through initiatives in local hiring, community infrastructure, healthcare, cultural activities, education, and community relations. These include programs such as Healthy Drinking Water and the For the Future education initiative. In addition, more than 75% of its goods and services are procured locally.