Two Chinese companies interested in privatization of RTB Bor

Serbian PM, Aleksandar Vucic said at the Kopaonik Business Forum that two Chinese companies had expressed interest in taking over the mining and smelting basin RTB Bor, adding that he would be happy if other investors came forward, particularly those from the United States.

“The story about RTB is still not finished. I know of two companies that want to acquire RTB, but if Economy Minister Goran Knezevic says that there are more of them, than that’s great”, said Vucic at a press conference.

He also said that RTB owes over a billion EUR mostly to the state and various creditors. “In order for RTB to become successful, we need to open the Majdanpek mine for which we need 30 million EUR, as well as the Cerovo mine, the biggest copper mine in Serbia, and the pit in Bor”, the PM explained.

He went on to say that the state authorities could finance the opening of the Majdanpek mine, but he wasn’t sure whether they would have enough money to open Cerovo.

“Appointing new management at RTB Bor is not the solution to the problem. Privatization is.”, Vucic said and added that the privatization format was not that important. “Was is important is for RTB to get a serious investor, like the Smederevo Ironworks”, the PM concluded.

(Blic, 08.03.2017)

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