Chairman of Zijin Mining Group, Chen Jinghe, and Minister of Mining and Energy of the Government of the Republic of Serbia, Aleksandar Antić, have signed in the Chinese city of Xiamen the Memorandum of Understanding for the development of the Čukaru Peki Upper Zone Copper Mine in Bor, which, among other things, implies that this Chinese company invests USD 474 million in the construction of the mine.
Chairman of Zijin Mining Group, Chen Jinghe, expressed satisfaction with the signed agreement by which the mining giant will continue co-operation with Serbia.
Minister of Mining and Energy of the Government of the Republic of Serbia, Aleksandar Antić, stated on this occasion that after the opening of the mine in Bor, full production will amount to 79,000 tons of copper annually.
Considering that the implementation of this agreement and the opening of the mine will greatly contribute to the development of Bor and its surroundings, an Agreement of Intent to establish friendly relations between the city of Bor and Shanghang, where the headquarters of Zijin are located, was also signed.
„Bor is very important for our cooperation, and the signed agreements are very important for the development of both cities“, Chen Jinghe stated.
The Mayor of Bor, Aleksandar Milikić, said on this occasion that Bor has been developing much since the arrival of Zijin, emphasizing that the construction and development of the Čukaru Peki mine will greatly contribute to this development.
According to the plan, the Čukaru Peki mine in Bor should be opened by the end of 2021, and the Serbian company Rakita Exploration Bor, which operates within the Chinese mining corporation Zijin Mining, is in charge of the immediate realization of the works.