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Foreigners want our copper – Foreign companies interested in opening new mines in Bor

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New copper mines are going to be opened in the vicinity of Bor in the following period. The interest in opening these mines has been expressed by, among the rest, the multinational company Glencore and Canadian Dundee – Nebojsa Ciric, the State Secretary in the Ministry of Economy, confirmed for daily paper Novosti.

– We are in contact with potential investors and we will coordinate the work on the opening of new mines with them, as well as with our colleagues from the Ministry of Energy and Mining – Ciric underlined.

– Complete procedure must be transparent and new copper mines will be opened on the basis of the principle of a joint investment with Mining Smelter Basin (RTB) Bor – he added.

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The State Secretary in the Ministry of Economy also said that total debts of RTB Bor exceeded 500 million euros, but he also pointed out that the major share of those obligations were from the 1980’s and 1990’s.

– One of the models we are considering is conversion of the state debts, which represent 75% of overall claims, into the capital of RTB Bor – Ciric emphasized.

– On the other hand, we must find a common language in the talks with foreign creditors in order for their legitimate requests to be met.


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