Chinese company Zijin Copper plans to invest $1.26 billion in Serbia, according to the General Director of the company. This is part of a larger investment plan, with Zijin Mining also investing in Serbia, totaling over $3 billion. The investments will focus on expanding and repairing facilities, environmental protection, and improving workplace conditions and safety. The Serbian Minister of Mining and Energy called the investment one of the most important in the country and pledged support for the ongoing projects. Zijin has already invested $640 million in RTB Bor and Timok projects in Serbia.
The General Director of the majority owner of RTB Bor, the Serbia Zijin Copper company, Jian Ximing, announced that the Chinese company planned to invest USD 1.26 billion in Serbia.
At the meeting with Serbian Minister of Mining and Energy Zorana Mihajlovic, he also said that the total planned investments of that company and the Zijin Mining company in Serbia amounted to more than USD 3 billion.
– So far, we have invested USD 640 million in RTB Bor. In addition to the activities on expanding and repairing the facilities, we also invest in environmental protection and improve the workplace conditions and safety. We have planted over 56,000 saplings in the industrial zone and reduced workplace injuries by 88% this year – Jian Ximing said, as announced by the Government of Serbia.
Zorana Mihajlovic called the investment of Zijin one of the most important investments in Serbia.
She said that the ministry was there to support the company’s ongoing projects, investments and plans for environmental protection and that she wanted the projects to be carried out faster and more efficiently.
– The ministry is open and it is there to support you 24 hours a day, seven days a week. What I expect from you is to define the strategy of development of both companies. If you don’t have one, I expect you to prepare it, because investments in Zijin Copper and Zijin Mining are of great importance for us – Mihajlovic said.
RTB Bor and Timok are two projects Zijin invested in Serbia. The planned investment amounts is around USD 3 billions including acquisition.