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Serbian copper miner to invest $40M in mine
Published by Yaroslaw Adamowski
To launch project Serbia’s state-owned copper miner RTB Bor is seeking an additional $40 million to invest in launching its Cerovo 2 copper deposit, according to senior company representatives.
Nebojsa Videnovic, the president of RTB Bor, said that the funds will be spent on acquiring new machines for the mine and pay for the land where the deposit is located, as reported by local broadcaster RTV Bor.
Cerovo 2 is estimated to comprise about 30 million tonnes of copper ore, with the entire Cerovo open pit mine estimated to comprise some 320 million tonnes, according to data from the Serbian Company.