Canadian Mundoro interested in strategic cooperation with RTB
The Canadian company Mundoro is interested in strategic cooperation and partnership with Mining and Smelting Basin Bor (RTB), primarily on already known deposits “Cerovo primarno” and “Jama” in Bor, as well as “Severni revir” and “Coka Marin” in Majdanpek, announced RTB.
Ms. Teodora Dechev, Mundoro President of the Board announced after the meeting with RTB management that the talks are expected to continue and that the Bor company has the potential for development.
“The first meeting with the Canadian company obliges us to sign the confidential information memorandum. We will do this as soon as possible, and afterwards we will initiate discussion just like with all other companies that are interested in cooperation with RTB,” said RTB General Manager Blagoje Spaskovski.
Mundoro has been engaged in geological explorations worldwide since 1999, and it has been conducting exploration activities in the vicinity of Bor since 2011, where there are eight exploration sites.
The company conducted first exploration works in China, where it won the tender for gold deposit in the northeastern part of the country.
Before the takeover, this deposit was estimated to contain one million ounces of gold, and then, after conducting all exploration activities, its value has been increased to 10 million ounces. “Mundoro later re-sold the mine to Chinese state-owned company, and owing to this transaction the company arrived to Serbia and Bulgaria, it is said in RTB statement.
Latest Posts
- Europe revives mining to reduce dependence on the import of key raw materials, supply from Serbia as competitive choice
- Europe, Mining key minerals without destroying nature
- Greenland, Eclipse Metals signs research MoU to help create economic benefit
- Europe, Cornwall set for lithium mining boom
- EU outlines new Critical Raw Minerals Act
Popular Post
- Europe revives mining to reduce dependence on the import of key raw materials, supply from Serbia as competitive choice
- Calcium Carbonate Industry, Reshaping the Market Growth, Serbian supplier to match European industrial demand
- What Are The Major Natural Resources Of Macedonia?
- Finland’s government plans to introduce a new tax on minerals extracted by the mining industry
- Montenegro ore processing and export
- GBC Oil takes over TransAtlantic Albania oil assets
- Canada Avala and Danube gold mining companies merge and join forces in exploration in Serbia
- Anglo Asian Mining PLC said the government of Azerbaijan granted it access to the Zangilan district
- Turkey gold exploration project promotes AU Mariana Resources junior mining Co
- Kyrgyzstan Kumtor gold output accounted for 9.7% of country’s GDP in 2017