Deal #9473

RTB Bor was a governmental company founded in 1961. In 2004, the local privatization agency began the restructuring of the RTB Group but experienced several unsuccessful attempts to sell the company. In 2018, along with governmental support from Serbia, the company started the privatization process to acquire 63% shares in RTB Bor. The finalization of the contract was planned for the first half of September, and the final conclusion of the work and payment of the first funds by December 31, so that Zijin Group officially becomes an owner on January 1, 2019.

The project was operational before the investor took over. In April 2021, Serbian authorities suspended construction work at the Jama mine (resulting partly and temporarily stop of operations). Current project status on the investor page: in operation + Under expansion.