International news within the industry of mining and metal, Jan, 18 2019
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Chinese group finalises Serbian copper deal

Photo: RTB Bor
Photo: RTB Bor
Published by
Jaroslaw Adamowski - 21 Dec 2018

Chinas Zijin Mining has finalised its acquisition of a 63% stake in Serbias copper miner RTB Bor.

 

The Chinese investor paid US$350 million to purchase a majority stake in the business, and it will spend a further US$200 million to pay RTB Bors debts, Serbias government said in a statement. The Chinese group has pledged to invest a total of $1.26 billion in the next six years to increase RTB Bor's production and raise the efficiency of its production processes.

 

Zijin Mining is involved in the exploration and mining of copper, zinc, gold and other mineral resources. The group 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...