Agreement on a strategic partner for RTB signed in Beijing

Serbian Minister of Mining and Energy Aleksandar Antic has signed a strategic partnership agreement between the Serbian government, representing RTB Bor, and the company Zijin Mining Group.

The Chinese company Zijin Mining Group, elected by the Serbian government as a strategic partner in RTB, offered to purchase a 63% stake in that company, business plan in total value of US$1.26 billion, including a mandatory investment of US$350 million, settle debt of RTB in total of US$200 million and preserve of 5,000 jobs. Zijin Mining Group might take over the operational management of the company at the beginning of 2019.

“Agreement on takeover of RTB Bor is an investment of US$1.46 billion. That much money will pour into Bor in the next six years. I do not have to talk how much it will change the eastern part of Serbia, contribute to growth of both RTB and that part of Serbia and our entire economy,” Minister of Finance Sinisa Mali has said after signing of an agreement in Beijing, attended by Serbian President Aleksandar Vucic as well.

Mali has pointed out that this is a big and important day for Serbian citizens, because five major agreements have been signed in China. Mali has signed an agreement with Shandong Linglong on construction of a car tyre plant that this company will open in Zrenjanin, and investments of almost a billion dollars.

Izvor: Beta

Foto: Beta