ANTIC: Strategic partner of RTB Bor not to have right to ore

The tender for the strategic partner of RTB Bor should open in May, and Minister of Mining and Energy Aleksandar Antic said that the strategic partner would not have the right to ore, as ore is exclusively owned by the state.

– The laws of Serbia say that no one has the right to that ore. It is owned by the Republic of Serbia, and the partner will have an exploitation permit based on which it will carry out the mining production and pay the mining fee to Serbia – Antic said.

He says that the mining fee in Serbia is not low and that it is adapted to the European framework.

Commenting on earlier announcements that the RTB Bor tender will open in May, Antic emphasized that the state “is not facing any deadlines imposed by, say, international financial institutions”.

He said that those were deadlines that the state had set for itself and the there were intensive preparations for the tender for the strategic partner.

According to him, RTB Bor is operating with profit, repaying its debts, settling all current liabilities and making profit.

– Under there conditions, we see this as an ideal moment to look for partners and there are several interested companies. These companies come from China, Russia, and there is now even a company from Canada which has done due diligence in RTB Bor – Antic said.

He points out that the tender would be fully transparent and that the most favorable partner for Serbia will be found, such as will “follow our vision of the development of RTB Bor, the opening of new mines and the keeping of the current number of employees”.

Serbia Zijin Copper doo Bor

Ministarstvo rudarstva i energetike Republike Srbije

Aleksandar Antic

tender for selection of strategic partner of RTB Bor

tender for RTB Bor

choice of strategic partner for RTB Bor

ore

ores

exploitation of ore

mining fee

mining fees

privatization of RTB Bor