(ANSA) - BELGRADE - China's mining company Zijin expressed
interest in starting a partnership with the Serbian company RTB
Bor, aiming to invest several hundred million dollars. News
emerged from a meeting held in Belgrade between representatives
of Zijin and Serbia's president Aleksandar Vucic. The Chinese
group, said Vucic, will participate in the a tender process
relating to the acquisition of RTB Bor, whose terms will be
announced by the government by the middle of this year.
Chinese representatives said they have a clear plan for the
development of the mining company RTB Bor and the whole region,
by investing several hundred million dollars to modernise and
restructure the company, which will be reorganised in accordance
with international standards.
Zijin is one of the largest producers of gold in China, and
among the world's largest producers of copper and zinc. Serbia's
president and government rely heavily on the contribution of
Chinese capital to restructure large state-owned companies which
are facing a crisis.
Two years ago, Chinese steel group HBIS took over the great
Smederevo steel plant, abandoned by US Steel.
After a triumphant visit to Belgrade in June 2016, China's
president Xi Jinping accepted a second invitation from Vucic to
visit Serbia. (ANSA).
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