The
Bor copper mine is a world-class copper asset. The project was
originally run by a century-old company with over 5,000 employees and
had suffered losses for years. Following its acquisition by Zijin
Mining, the project was turned around within six months and has become
one of the largest and most profitable companies in Serbia.
In
addition to the Bor copper mine, Zijin Mining operates another
world-class copper asset in Serbia, the Čukaru Peki copper-gold Mine.
Their combined output was 240,000 tonnes of copper in 2023, making Zijin
the second-largest copper miner in Europe.
The
two mines in Serbia are undergoing de-bottlenecking and expansion,
scheduled for completion by 2025. Once complete, their combined
production capacity is expected to reach 300,000 tonnes per annum.
