Deal #9451

Serbia
Created at
2022-05-23
Last update
2022-06-20
Last full update
2022-05-23

Land area

Size under contract (leased or purchased area)
  • [current] 18840 ha
Comment on land area
Bor mining complex area that a company has a permit for mining\exploring

Intention of investment

Intention of investment
  • [current] Mining

Nature of the deal

Nature of the deal
Exploitation permit / license / concession (for mineral resources)
Comment on nature of the deal
Brestovac-Metovnica (B-M) Exploration license

Negotiation status

Negotiation status
  • [2012-02-28] Concluded (Contract signed)
  • [2018] Concluded (Change of ownership)
  • [2020-02-29, current] Concluded (Contract signed)
Comment on negotiation status
The original B-M Permit, exploration field no.1926, was granted to Rakita (former operating company) on February 28, 2012. This permit was originally valid until February 28, 2015 with any future renewal subjects until February 21, 2017 and further to February 21, 2020. In 2018, Canada’s Nevsun Resources Ltd has agreed to a buyout from China’s Zijin Mining Group Co. In 2019, another shareholder - American Freeport McMoran Inc agreed to sold interests to Zijin Group. The Chinese company expected the transactions to be completed no later than February 29, 2020.

Implementation status

Implementation status
  • [2012, current] Startup phase (no production)