Ministry: three applications from investors for RTB Bor



The Commission assesses the submitted documentation for the execution of the procedure and then continues with further procedures.

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As mentioned earlier, the media are interested in three Russian companies, a Chinese, a Turkish, a Macedonian mine and a domestic company owned by Milan Popovic.

The Chinese are often mentioned as the most serious candidates for strategic partnership in RTB Bor, and participation in the tender of a large Chinese company was previously confirmed by the ambassador of China to Serbia, Li Mangang.

Before the tender, 11 companies from Russia, China, Canada, Turkey and the Kazakh European consortium, which had signed a confidentiality agreement last year and were "diligent", showed interest in the RTB.

Premier Brnabic stated earlier in Majdanpek that at least three companies are interested in strategic partnership in RTB Bor.

Asked by the journalists whether the state would remain the majority shareholder, she said that this depended on the offers themselves.

This means that the state will opt for a partner who is looking for the least shareholding for a mandatory investment of $ 350 million.

"The minimum is that we have guarantees that all employees will keep their jobs and that the least investment will be $ 350 million and that production will increase between three and four times over the next four to five years." Depending on that, we will see how the state is able to position it on its own, "she said.

Companies had to allocate $ 10,000 for the purchase of tender documents.

A condition for considering bids is depositing deposits or delivering a bank guarantee of one million dollars.

The companies that were continuously engaged in the exploitation of copper and other colored and precious metals with a yield of at least half a billion US dollars in the past year were entitled to submit the application.

A strategic partner with a capital recapitalization of at least $ 350 million becomes the owner of the share in RTB Bor, depending on the conditions, can be a domestic or foreign legal entity, but also a consortium formed by the association of domestic and / or foreign people for strategic partnership.

RTB employs approximately 5,000 people.

On July 18, the government of Serbia announced a tender for the selection of a strategic partner for the mine and melting basin "Bor.

The tender provides for a cash recapitalization of $ 350 million.

Mining is currently contributing to GDP from 0.9 to 1 percent, and the goal is to rise to one percentage point.

Only RTB Bor currently contributes to the GDP of the country with 0.8 percent.


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