906:(SO2) levels topping 2,000 micrograms per cubic meter, up from the maximum allowed 350. Protesters demanded that the city government urgently adopt a plan so that the line ministry and state inspectorates can react to the alarming pollution levels in Bor. As early as April 2019, the inspector had ordered the company to take action against air pollution of the environment, human health and the environment, because it emitted excessive SO2. Zijin then explained in a letter to the Ministry of Environment that the power outage had caused pollution. However, control a few months later, in August, showed another omission – Zijin did not have a system for wet dust removal during the transportation of tailings on the Bor mine, which also threatened human health and the environment. Zijin was ordered to solve the problem, and the company later told the Ministry that a dust suppression system had been installed, which was put to trial. In November 2019, CINS sought an interview with Zijin on the topic of air pollution, to which the company responded with a press release. It says that by the end of the year, the company will have a total of five SO2-neutralized dust spray machines. Documentation obtained by CINS shows that by that time, two of the machines purchased had been in operation for about two months, but pollution data showed that it had no significant effect on the reduction of sulfur dioxide.
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546:, seeking $ 40 million for failure to fulfill the contract and subsequent financial losses. During the 1990s, RTB Bor imported the copper concentrate from Mytilineos, processed it, but never sent back 4,000 tonnes of processed copper to the Greek company. Mytilineos has also launched several other lawsuits against RTB Bor over the non-fulfilled contracts signed during the 1990s.
553:. For 2017, around 18 million tonnes of ore was mined, of which 235,000 tonnes of concentrate was processed and finally, 43,000 tonnes of copper, 5 tonnes of silver and 700 kilograms of gold was obtained. Around 75% of the processed copper is exported, while the rest is being further processed by domestic copper companies "
460:, production in the RTB Bor dropped significantly from the very prosperous 1970s and 1980s. This has been due to both diminishing reserves and the inability to obtain new equipment that would most efficiently gather the remaining ore, which is no longer of such a high grade. Copper mining as the key basis of
604:
took over 63% of shares of the company, in a $ 1.26 billion deal with the
Government of Serbia. On 18 December 2018, Zijin Mining formally took over the company under new name "Zijin Bor Copper". Later, it was announced that suffix "Serbia" will be added. For 2018 calendar year, Zijin Bor Copper had
484:
400 million. Cuprom pledged to modernize the production facilities in RTB Bor and
Majdanpek mine, in order to improve the productivity levels. However, due to Cuprom's failure to meet a deadline regarding the financing, the Government of Serbia had cut the deal and the complex was put up for
414:, who later provided investments of capital from France and set up a company called the "French Society of the Bor Mines, the Concession St. George". The company, with its headquarters in Paris, started operations on 1 June 1904. The French capital remained in Bor until the end of the
495:
After the signing of the contract was made, the first $ 150 million was delivered by A-TEC. However, the problems arose after A-TEC missed its deadline for the second payment at $ 230 million, due to A-TEC's trouble to secure bank guarantees due to the global
410:
The first geological explorations of copper ore in Bor area were conducted in 1897 and covered the area at the time called "Tilva Roš". The explorations were performed by the
Serbian industrialist
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In 2017, according to the general director
Spaskovski, RTB Bor had a positive net result after years of net losses, with $ 306 million (€255 million) of revenues and $ 73 million (€61 million) of
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Even with high copper prices on global markets, RTB Bor continued with financial losses. For calendar year 2015 net loss was around 110 million euros and for 2016 it amounted to 42 million euros.
597:– placed bids in a tender for a strategic partner. The Serbian government has chosen the Chinese Zijin Mining Group as its strategic partner for the copper mining and smelting complex, RTB Bor.
512:(SMR) as the second ranked bidder a chance to purchase RTB Bor. However, after a set of negotiations, SMR decided not to increase their first offer and the second tender had officially failed.
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kept investing hundreds of millions euros in new production facilities, and even wrote off company's debts worth 1 billion euros to the government-owned companies such as
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eruptive area. The currently undeveloped underground site "Borska Reka", located within the Jama mine, represents a very significant potential mineral resource.
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over excessive air pollution that has been intensified since Zijin took over copper miner
Rudarsko-Topioničarski Basen (RTB) in late 2018. Since January 2019,
504:. A-TEC was not permitted to see returned the $ 150 million it had already paid. The Government of Serbia later voted to scrap the contract and offer
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For more than two decades, RTB Bor has been among the most unprofitable
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From 1951 until 1988, the company has changed its organizational structure, from the "organization of associated labor" to
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Cuprom
Romania wins US$ 400-million (€303-million) bid for Serbian copper complex – International Herald Tribune
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In 2017, the
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net income of around 760 million euros, with most of it coming from debts conversion into shares.
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for a sum of $ 466 million plus obligation to invest $ 180.4 million in facilities.
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In
February 2008, following the second tender, RTB Bor was sold to the Austrian
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The ledges of the Zijin Bor Copper are located in the southwestern part of the
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During 1993, following the breakup of SFR Yugoslavia and the outbreak of the
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Bazel has refused to purchase copper combine in Serbia | Forex & Finance
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573:(IMF). The sale was later postponed until June 2018. Three companies –
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1258:"A-TEC Industries announces breakdown of talks on RTB Bor acquisition"
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1481:"Serbia receives three bids in tender for RTB Bor strategic partner"
1006:"Zijin Bor Copper Appoints Mr Ximing Jian as New Managing Director"
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1207:"News – Business & Economy – Austrian A-TEC buys RTB Bor"
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Since the mid-1990s and during the time of sanctions on the
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1508:"China's Zijin wins race for Serbia's largest copper mine"
434:. Since then, the company Bor was in the state ownership.
1610:"Zijin Company in court for air pollution in Bor, Serbia"
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1588:"Serbia Zijin Bor Copper sued over air pollution levels"
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has been struggling with excessive air pollution, with
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1403:"Srbija dug RTB Bor plaća grčkoj firmi na četiri rate"
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RTB Bor Group is composed of the following subsidies:
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Non-renewable resource companies established in 1904
1562:"Otpisi dugova i isplata koncesije napumpali profit"
1371:Цена бакра расла у 2016., РТБ Бор репризирао губитке
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1121:https://www.kolektiv.co.rs/media/kolektiv/2319.pdf
542:won a multi-year trial against RTB Bor before the
138:Jovica Radisavljević (Execute Director of Zijin)
1429:"Bakar iz Bora na ceni, za njega plaćaju premiju"
1286:"Govt. votes unanimously to scrap A-TEC contract"
631:and are mostly of porphyry type within the Upper
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1340:"Tender za RTB Bor do kraja marta 2018. godine"
1141:(in Serbian). Serbian Business Registers Agency
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1233:"UPLAĆENO 150 MILIONA DOLARA ZA RTB BOR"
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1368:Rabrenović, Jovana (13 November 2017).
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1461:(in Serbian). Tanjug. 20 February 2018
1338:Telesković, Anica (26 December 2017).
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1435:(in Serbian). Tanjug. 30 January 2017
1506:Jamasmie, Cecilia (31 August 2018).
951:List of copper production by company
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1134:Основни подаци о привредном друштву
1037:"RTB Bor beleži 7 puta veću zaradu"
426:In 1951, the company's assets were
24:
890:Several protests has been held in
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1688:Copper mining companies of Serbia
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638:The overview of total resources:
1534:Кинески „Зиђин”преузео РТБ „Бор"
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860:Cerovo complex – Kraku Bukaresku
510:Strikeforce Mining and Resources
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1097:"БИЛАНС СТАЊА (2019) – РТБ Бор"
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340:Footnotes / references
1560:Obradović, M. (16 July 2019).
1541:(in Serbian). 18 December 2018
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1067:БИЛАНС УСПЕХА (2019) – РТБ Бор
1043:(in Serbian). 31 December 2017
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803:Cerovo complex – Cementacija 4
784:Cerovo complex – Cementacija 2
458:Federal Republic of Yugoslavia
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387:Lectra Haul dump truck in Bor.
128:Ximing Jian (General director)
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1:
1678:2018 mergers and acquisitions
1673:2003 mergers and acquisitions
1668:1904 establishments in Serbia
1409:(in Serbian). 26 January 2018
1292:. Fonet, Beta. Archived from
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841:Main Cerovo complex – Drenovo
502:financial crisis of 2007–2008
476:sold RTB Bor to the Romanian
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583:Diamond Fields International
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79:; 120 years ago
7:
1455:"Odlaže se prodaja RTB Bor"
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620:RBM – Copper Mine Majdanpek
571:International Monetary Fund
544:Geneva Arbitration Tribunal
136:Que Chaoyang (board member)
10:
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1698:Energy companies of Serbia
1693:D.o.o. companies in Serbia
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623:TIR – Smelter and Refinery
485:privatization once again.
468:2007–2008 failed purchases
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395:Panoramic view on RTB Bor.
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1703:Metal companies of Serbia
938:View on RTB Bor from town
422:1951–1988: SFR Yugoslavia
363:, is a copper mining and
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130:Long Yi (vice president)
1723:Companies of Yugoslavia
822:Cerovo complex – Cerovo
406:Formation and expansion
357:Serbia Zijin Bor Copper
169:43,000 tonnes of copper
33:Serbia Zijin Bor Copper
1728:Smelters of Yugoslavia
1683:Companies based in Bor
530:Elektroprivreda Srbije
439:state-owned enterprise
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318:Copper Mine Majdanpek
1209:. B92. Archived from
617:RBB – Copper Mine Bor
430:by the Government of
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344:Business ID: 07130562
175:700 kilograms of gold
64:; 5 years ago
62:18 December 2018
629:Carpathian Mountains
526:Government of Serbia
474:Government of Serbia
359:, formerly known as
320:Smelter and Refinery
274:Government of Serbia
1320:2 November 2009 at
1265:a-tecindustries.com
986:Veliki Krivelj mine
540:Mytilineos Holdings
472:In March 2007, the
367:complex located in
282:Number of employees
54:mining and smelting
34:
1733:Smelters of Serbia
1612:. 25 February 2020
1296:on 25 October 2012
1213:on 24 October 2012
971:Dumitru Potok mine
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172:5 tonnes of silver
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1590:. 2 December 2019
1237:balkanmagazin.net
1012:on 1 October 2020
976:Mali Krivelj mine
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557:" and "Pometon".
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162:Production output
16:(Redirected from
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772:
770:1,007,832,732
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480:for a sum of
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451:Yugoslav Wars
442:
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412:Đorđe Vajfert
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1648:(in Serbian)
1614:. Retrieved
1604:
1592:. Retrieved
1582:
1570:. Retrieved
1568:(in Serbian)
1565:
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1484:
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1449:
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1423:
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1407:insajder.net
1406:
1380:. Retrieved
1378:(in Serbian)
1375:
1348:. Retrieved
1346:(in Serbian)
1343:
1310:
1298:. Retrieved
1294:the original
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1280:
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1240:. Retrieved
1236:
1227:
1215:. Retrieved
1211:the original
1201:
1190:
1178:. Retrieved
1176:(in Serbian)
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1143:. Retrieved
1138:
1127:
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1104:. Retrieved
1100:
1076:. Retrieved
1074:(in Serbian)
1071:
1045:. Retrieved
1040:
1014:. Retrieved
1010:the original
1000:
937:
923:
889:
637:
633:Bor District
626:
612:
609:Organization
602:Zijin Mining
599:
575:Zijin Mining
564:
561:2017–present
548:
537:
534:
519:
494:
487:
471:
455:
448:
436:
428:nationalized
425:
416:World War II
409:
360:
356:
355:
339:
312:Subsidiaries
305:Zijin Mining
269:Zijin Mining
247:Total equity
227:Total assets
147:Copper wires
95:Headquarters
38:Company type
29:
1663:Bor, Serbia
1616:25 February
1545:20 December
1517:9 September
1465:21 February
1376:politika.rs
1344:politika.rs
1170:"Istorijat"
1145:28 February
1106:22 December
1078:22 December
1016:9 September
894:in eastern
827:238,358,600
764:Borska reka
710:135,439,825
690:333,306,825
445:1990s–2000s
441:"RTB Bor".
349:: 100570195
151:Copper bars
114:Area served
1657:Categories
1594:2 December
1512:mining.com
1439:1 February
1413:29 January
1382:29 January
1350:29 January
1180:7 February
1139:apr.gov.rs
1101:apr.gov.rs
1072:apr.gov.rs
1047:29 January
992:References
846:45,777,880
789:26,580,420
670:91,713,587
567:memorandum
207:Net income
124:Key people
69:2018-12-18
1572:10 August
1491:21 August
1300:22 August
1270:22 August
1242:22 August
881:Criticism
865:1,600,000
808:4,027,930
767:A+B+C1+C2
750:1,972,350
730:3,889,738
724:Tilva Ros
569:with the
516:2008–2017
498:recession
118:Worldwide
89:(Founded)
1718:Smelting
1566:danas.rs
1318:Archived
1217:26 March
961:Bor mine
945:See also
924:Bor mine
744:Brezanic
647:Category
401:Bor mine
365:smelting
330:zijinbor
143:Products
48:Industry
1485:SeeNews
1459:blic.rs
1433:b92.net
1290:b92.net
1041:b92.net
910:Gallery
650:Amount
379:History
361:RTB Bor
325:Website
186:Revenue
82: (
67: (
59:Founded
18:RTB Bor
1174:rtb.rs
896:Serbia
659:Ag(%)
595:Russia
591:U Gold
587:Canada
551:EBITDA
478:Cuprom
373:Serbia
347:Tax ID
300:Parent
293:(2020)
291:5,474
288:(2019)
286:5,155
259:(2019)
239:(2019)
219:(2019)
199:(2019)
180:(2017)
106:Serbia
52:Copper
42:d.o.o.
1261:(PDF)
874:2.21
855:1.38
852:0.062
836:0.77
833:0.108
817:1.06
798:1.08
779:1.69
759:1.93
739:1.06
719:0.39
699:0.39
679:0.39
656:Au(%)
653:Cu(%)
593:from
585:from
579:China
577:from
522:euros
490:A-TEC
276:(37%)
271:(63%)
265:Owner
1618:2020
1596:2019
1574:2019
1547:2018
1519:2018
1493:2018
1467:2018
1441:2018
1415:2018
1384:2018
1352:2018
1302:2013
1272:2013
1244:2013
1219:2013
1182:2018
1147:2018
1108:2020
1080:2020
1049:2018
1018:2020
871:0.62
868:0.62
849:0.38
830:0.31
814:0.07
811:0.28
795:0.07
792:0.31
776:0.16
773:0.53
756:0.27
753:1.28
736:0.33
733:0.76
713:0.29
693:0.35
673:0.33
644:Name
589:and
482:US$
332:.com
155:Gold
84:1904
77:1904
900:Bor
892:Bor
716:0.7
696:0.7
676:0.7
508:'s
462:Bor
369:Bor
100:Bor
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727:B
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667:A
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