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SARAJEVO (Bosnia and Herzegovina), June 24 (SeeNews) – German industrial group Miebach is considering making an investment in Bosnian iron ore mine Vares, the local authorities in the Zenica-Doboj canton, where the mine is located, said.
The German investor is ready to meet with representatives of Bosnian engineering company Jata, which owns over 60% of Vares and plans to sell its stake in the mine, the cantonal authorities said on Monday after a meeting with Miebach owner Christoph Engelke.
Miebach is a machine producer and is also active in the metal and cement industry.