RTB "Bor" and "Glencore" to open gold mine

Mining-Smelter Basin (RTB) "Bor" and multinational company "Glencore", one of the world's most powerful mining corporations, will start the business of activation and exploitation of gold mine "Čoka Marina 1", near Majdanpek.

This was confirmed for "Novosti" by Blagoje Spaskovski, the Director General of RTB "Bor".

- In agreement with the representatives of "Glencore", following the activation and commencement of exploitation, the concentrate from "Čoka Marina 1" will be melted in their smelter in Kazakhstan - Spaskovski explains.

- That is because mine "Čoka Marina 1" is rich with gold, silver and copper, as well as lead, zinc and cadmium. Therefore, that raw material can not be melted in the smelter in Bor since we do not have the technology to prevent serious environment pollution, which would be the result of melting of that concentrate in Bor-based smelter.

"Čoka Marina 1" has the verified reserves of about 240,000 tons of ore, about 4.4% of which is copper, 14 g per ton is gold, and nearly 100 g per ton is silver. Let us just say that the deposits with 1% of copper and 2 g of gold per ton are considered as exceptionally rich.

- Exploitation of "Čoka Marina 1" will bring as the net profit of about 28m USD - Spaskovski points out.