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Serbia receives three bids in tender for RTB Bor strategic partner

Author Radomir Ralev
Serbia receives three bids in tender for RTB Bor strategic partner Majdanpek open pit mine; Source: RTB Bor

BELGRADE (Serbia), August 21 (SeeNews) - Three companies - from China, Canada and Russia - have placed bids in a tender for a strategic partner in state-run copper mining and smelting company RTB Bor within the specified deadline, Serbia's economy ministry said.

The deadline for the submission of bids expired at 13:00 CET on August 20, the economy ministry said in a statement late on Monday without disclosing the names of the candidates. 

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The tender commission is currently examining the submitted documentation.

The economy ministry called the tender in July, aiming to find a strategic partner who would inject $350 million (303.9 million euro) in the company's capital and keep all 5,000 jobs.

In March, the Serbian president's office said China's Zijin Mining Group had expressed interest in investing $100 million in the modernisation and restructuring of RTB Bor.

The Serbian government expects to sign a contract with a strategic partner in RTB Bor by the end of the year.

($ = 0.868402 euro)

RTB Bor - Grupa Rudarsko-Topionicarski Basen Bor DOO is among the biggest companies in SEE, for more reference take a look at Top 100 companies
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