Zijin is the new strategic partner of RTB Bor, Serbia’s mining and smelting complex. The Chinese company won the public tender, paying $1.26bn for a 63-percent holding in the complex, said Aleksandar Antic, Serbia’s mining and energy minister. Of the total, $350m would go toward recapitalization, and Zijin will secure an additional $200m for RTB Bor’s debts. The final agreement is expected to be signed this month. The Chinese company is expected to take over operations at the beginning of next year. Zijin is China’s biggest gold producer and the second biggest copper manufacturer in the world.
