Zijin Mining take over 63% ownership of Serbia’s RTB Bor

Zijin Mining became the majority shareholder of Serbia’s RTB Bor, following a $350m deal. RTB Bor will be renamed Zijin Bor Copper d.o.o. Bor. Serbian Energy Minister Aleksandar Antic and George Fang, vice president, chief engineer and director of Zijin Mining Group, signed the takeover agreement. Zijin Mining Group is the largest Chinese gold producer and the second biggest copper ore manufacturer. In August, Zijin became a strategic partner of RTB Bor, promising to invest $1.26bn in the business over the next six years.