China to establish EUR 25 million fund for mining cooperation with Serbia

China is going to establish an EUR 25 milllion fund for support to cooperation with Serbia in the field of mining, the Ministry of Natural Resources, Mining and Spatial Planning of Serbia announced in a release today.

The establishment of this fund was announced in Tianjin by Chinese Minister of Land and Resources Xian Damingo during a meeting with Serbian Minister of Natural Resources, Mining and Spatial Planning Milan Bacevic, who is on an official visit to China, the release reads.

The Chinese minister also presented four proposals for the expansion of cooperation with Serbia in the field of mining: maintaining the dialogue and exchange of opinions on the highest level, improving the exchange of information and the performance of mining companies, strengthening the exchange in the field of technology and the exchange of staff.

Explaining his proposals, Minister Xian Damingo said that the money in the new fund would grow with the development of mining cooperation between China and Serbia.