Chinese miner to invest $800M in Serbia

Photo: Zijin Mining

China’s Zijin Mining has announced plans to invest some $800 million to boost its mining operations in the Serbian market this year.

Under the plan, the Chinese group is to allocate funds to expand the Veliki Krivlj and Majdanpek copper mines, and open the Cerovo 2 copper and gold mine in 2020, according to the information obtained by local news site

Zijin Mining says its mining operations are focused on gold, copper, zinc and other mineral resources. The business is listed on the Hong Kong Stock Exchange and the Shanghai Stock Exchange.