RTB Bor opens its door for potential buyers - visiting of units enabled between August 1 and 26

In the period between August 1st and 26th, potential buyers interested in strategic partnership with Bor-based copper combine can visit the units and get familiar with the potentials of Mining-Smelter Basin Bor. After that, a tender should be announced for selection of the company that will become the owner of minimum 70% of capital of RTB Bor on the basis of the joint investment with the state.

As time is passing by, number of the companies that are interested in strategic partnership with Bor-based company is growing. According to unofficial information, besides Austrian "A-Tec" and "East Point", the list of the potential buyers interested in purchase of RTB Bor also includes "Glencore" from Switzerland, "ThyssenKrupp" and "Norddeutsche Affinerie" from Germany, multinational company "Rio Tinto", as well as certain Russian and Greek companies.

The prequalification tender confirmed that the companies that compete for strategic partnership with the Bor-based combine must be producing at least 100,000 tons of copper on annual basis and they must own mines and copper smelters.

One of the conditions is the repayment of RTB Bor’s debt to foreign creditors, which is estimated to about 120m USD, while the minimum investment in rehabilitation of mining and metallurgical capacities amounts to 300m USD.