In this way, the Chinese, by becoming a member of RTB Bor and Nevsun, became the owners of the largest copper and gold mine in Bor.
As expected, Zijin should take control of RTB Bor and Nevsun by the beginning of next year. The Chinese company pledged $ 1.24 billion to invest in the opening of new mines in Bor, with $ 200 million to pay the repayment of old debts, while $ 1.4 billion was pledged for the purchase of a Canadian company.
By taking over Nevsun, a Chinese company would only have to invest about $ 700 million in activating the upper part of the reservoir, Cukar Peki, and that mine should start working in 2020. The start of the operation in the lower part of this down payment would end, which is worth an investment between USD 1.5 and 2 billion, because it is an application that is at a great depth.
It is expected that at least USD 4 billion will be invested in the opening of new mines in this region in the coming period. According to estimates, only 15 million tons of copper and nearly 400 tons of gold hide on the Cukar Peki site, but 54% of the lower part of that deposit is in the hands of the American giant Freeport McMoRan.