Sunday, 22.11.2020.| 11:00, ekapija
https://www.ekapija.com/en/news/3078818/zijin-planning-investments-in-serbia-worth-over-usd-3-billion
The General Director of the majority owner of RTB Bor, the Serbia Zijin Copper company, Jian Ximing, announced that the Chinese company planned to invest USD 1.26 billion in Serbia.
At the meeting with Serbian Minister of Mining and Energy Zorana Mihajlovic, he also said that the total planned investments of that company and the Zijin Mining company in Serbia amounted to more than USD 3 billion.
– So far, we have invested USD 640 million in RTB Bor. In addition to the activities on expanding and repairing the facilities, we also invest in environmental protection and improve the workplace conditions and safety. We have planted over 56,000 saplings in the industrial zone and reduced workplace injuries by 88% this year – Jian Ximing said, as announced by the Government of Serbia.
Zorana Mihajlovic called the investment of Zijin one of the most important investments in Serbia.
She said that the ministry was there to support the company’s ongoing projects, investments and plans for environmental protection and that she wanted the projects to be carried out faster and more efficiently.
– The ministry is open and it is there to support you 24 hours a day, seven days a week. What I expect from you is to define the strategy of development of both companies. If you don’t have one, I expect you to prepare it, because investments in Zijin Copper and Zijin Mining are of great importance for us – Mihajlovic said.
RTB and Timok are two projects Zijin invested in Serbia. The planned investment amounts is around USD 3 billions including acquisition.
About Zijin Mining
Zijin Mining is a leading global metals and mining company and one of the world’s largest producers of gold, copper, and zinc. The company has more than 30 large-scale mining operations and projects across 19 countries on 5 continents. Leveraging strong in-house research, engineering, and development capabilities, Zijin maintains high operational efficiency and low costs in both acquisitions and operations. This enables the company to be an industry leader in value creation, underpinned by its philosophy of pursuing development for all and sustained by superior environmental, social, and governance performance. Zijin’s shares trade on the Hong Kong Stock Exchange (HKEX: 2899) and the Shanghai Stock Exchange (SSE: 601899).