Board for Mining Smelter Basin "Bor" to make decision about "A-Tec's" request on April 9 - Government of Serbia makes decision one day later

The decision about whether the state will accept "A-Tec's" request for extension of deadline will be made on April 9th by the Board for privatization of Mining Smelter Basin (RTB) "Bor".

Privatization Agency has announced today that the meeting of the Board of restructuring and privatization of RTB "Bor" will be organized on Wednesday and that it will decide whether to accept the offer of Austrian company "A-Tec" for extension of deadline for payment of the whole amount of 466m USD for that mining basin.

On the basis of that decision, appropriate proposal will be submitted to the Government of Serbia for consideration at the first meeting - on Thursday, April 10.

The assistant to the Minister of Economy and REgional Development, Nebojša Ćirić, says for B92 that the privatization of RTB "Bor" is of national importance, not only to Bor-based basin, but also to whole Serbia, and that it has been decided that the decision should be made by the Board and that the Government of Serbia should make the final decision.

He repeated that, in case "A-Tec's" bid was rejected, Privatization Agency would start negotiations with the second-ranked bidder on the tender - Russian SMR, which is a part of "Basic Element", the company owned by Oleg Deripaska.

Vlada Republike Srbije

Agencija za privatizaciju Republike Srbije Beograd prestala sa radom 29.01.2016.

Serbia Zijin Copper doo Bor

A-TEC Industries AG Vienna

Board for restructuring and privatization of Bor combine

Government of Serbia

Mirko Kovač

SMR

Oleg Deripaska