International news within the industry of mining and metal, Jan, 23 2019
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Chinese group to invest $1.26BN in Serbian copper mine

Photo: RTB Bor
Photo: RTB Bor
Published by
Jaroslaw Adamowski - 04 Sep 2018

The Serbian government has selected China’s Zi-jin Mining as a strategic partner for the state-run copper miner RTB Bor. Under the plan, the group will invest some $1.26 billion in the Serbian copper miner and smelter.

 

Zijin Mining will obtain a 65% stake in RTB Bor, and it will invest some $320 million in the launching of the Cerovo 2 open pit mine, according to the information obtained by local news site SEEnews.com.

 

The planned investments are expected to allow RTB Bor to preserve some 5,000 jobs in Serbia.

 

Zijin Mining says it is involved in the exploration and mining of copper, gold, zinc and other mineral resources. The company operates a port-folio of projects in China and nine foreign markets, and it is listed on the Hong Kong Stock Exchange and the Shanghai Stock Exchange, according to data from Zijin Mining.

Since the completion of the first test shipments in July 2018, Rio Tinto increased the number of autonomous tours along the Groups iron ore lines in Western Australia in a controlled manner. Now, Rio Tintos trains have travelled over one million kilometres completely autonomously. Photo credit: Rio Tinto company
Since the completion of the first test shipments in July 2018, Rio Tinto increased the number of autonomous tours along the Groups iron ore lines in Western Australia in a controlled manner. Now, Rio Tintos trains have travelled over one million kilometres completely autonomously. Photo credit: Rio Tinto company

The world's first mining-related railway network for autonomous trains was opened

"improves productivity"

The mining company Rio Tinto's AutoHaul ™ program, which is expected to cost $ 940 million, is...