News

Project “the Environmental Protection and Improvement in Kolubara Mining Basin” consists of three parts. The first part represents a Project A- designing, manufacturing and erection of the ECS system for the future open pit mine Field “C”. The value of this part of the project amounts to 80 million euros and it is financed by […]

The Minister of Mining and Energy Aleksandar Antić has announced that the new Law on Geological Exploration and Mining will be adopted by the end of year. The law is in the draft stage and, according to expectations, it should be presented in October, after which it will be sent to the competent ministries for […]

US Ambassador Michael Kirby said in Bor that one American and one multinational company “Freeport-McMoRan” and “Rio Tinto”were interested in the investment in Serbian mines and the new, modern Law on geology and mining, which has being prepared, would significantly help in attracting new investment in Serbia. Kirby visited yesterday the Municipality of Bor,Copper mine […]

For the launch of the first gold mine in Serbia in Zagubica investor Avala Resources needs 177 million dollars. It is an economic assessment which did an independent company AMEC from Perth in Australia for the Project of gold “Timok”. The company “Avala resources”, which dealt with the geological surveys, told us that the ore […]

The copper production in the company MSB Bor has been carried out continuously since 1903 at the sites in Bor and Majdanpek. Today,in the Bor part of the basin, the ore is excavated in the deposits Veliki Krivelj, Cerovo and in the Bor pit, as well as in the deposit Severni Revir in Majdanpek. The […]

Written bids for taking over the Serbian copper mining and smelting basin Bor company have been received from as many as 15 investors. The Canadian and American companies already operating on our market also wish to take part in the copper mine company privatization. As many as 15 investors are interested in buying the Mining […]

This was said in Belgrade at the meeting of the Minister of Energy and Mining Aleksandar Antic with Canadian ambassador Roman Waschuk and representatives of Canadian companies. At the meeting attended by the representatives of Canadian companies ‘’RGMI’’ and ‘’Dundee Capital Markets’’, it was précised that Canadian companies are interested in cooperation with RTB Bor […]

Mining copper basin Bor and India USHA Industries signed MoU on investment intentions which expresses the intention of Indian company to invest in production of copper sulfate (blue stone). With signing of protocol on business and technical cooperation, USHA agreed to invest in precious metals processing in Majdanpek-based Zlatara as well as in placement of […]

“PNF Partners” from London is interested in buying silver and silver products from Mining and Smelting Basin ‘Bor’, which would be manufactured by IPM from Majdanpek, under PNF Partners’ instructions. That was confirmed by president of English company Moti Panet, and his partner Joseph Ernsten at the meeting with general manager from RTB “Bor”, Blagoje […]

Canada Mundoro Capital Inc. announced drilling program from the exploration assessment of Rosh Tilva’s area within the exploration license Savinac in northeastern Serbia. Savinac license covers 90 square kilometers and is located within the Timok Magmatic Belt, about 20 miles southeast of Bor mining camp. Teo Dechev, CEO and President of Mundoro, commented that “this initial […]