RTB Bor less efficient due to previous management's activities, Zijin says
In his conversation with the president of the National Council of Serbia for the Coordination of Cooperation with Russia and China, Tomislav Nikolic, he said that everyone expected a lot from Zijin's arrival to RTB and that a lot of attention was paid to the project outside Serbia's borders as well.
– Since its arrival to Serbia, Zijin has been constantly introducing new measures. In order to have good results, we need time, and we are looking to exceed the volume of last year's production. In the future, the focus of our company in Bor will be to protect the safety of the production and to protect the environment. The company will do everything in its power to develop this project – Fusheng promised.
Nikolic reminded that the investment of Zijin was the biggest Chinese investment in Serbia and added that he expected them to transfer their knowledge and experience to RTB's employees and management. As he said, the production at Bor depended on finding the most profitable ore and reducing the expenses as much as possible, and the mine was not exploited in line with a plan.
– The success of RTB Bor and Zijin is very important for Serbia's economy – Nikolic said.
In December 2018, Zijin took over RTB Bor and paid USD 450 million for a 63% stake.
The Chinese company obliges to invest USD 1.26 billion in RTB Bor over the next six years, of which 75% in the first three years, as well as to keep 5,000 jobs and invest an additional USD 200 million for the repayment of debts.
Most Important News
07.05.2024. | IT, Telecommunications
Biggest Angular conference in the region – NG Belgrade Conf 2024
06.05.2024. | Healthcare
Medical doctors and engineers from Nis design instrument which accelerates and improves efficiency of operating procedures – Negotiating with foreign companies about production
06.05.2024. | Healthcare
06.05.2024. | Construction, Tourism, Sports, Culture, Healthcare
Sijarinska Banja should soon get a new look – Project documentation for reconstruction of rehabilitation center complex being prepared
06.05.2024. | Construction, Tourism, Sports, Culture, Healthcare
08.05.2024. | Industry, Transport
Serbia to buy nine electric trains for future BG Voz line to airport, Expo Center and National Stadium from Chinese company CRRC
08.05.2024. | Industry, Transport
07.05.2024. | Industry, Construction
New Palfinger factory in Nis to start working in June
07.05.2024. | Industry, Construction
07.05.2024. | Transport
Walking as solution to traffic jams and pollution in big cities – How has Vienna motivated people to take up the healthiest and cheapest form of transport?
07.05.2024. | Transport