Invitation for capital increase in RTB Bor soon

The Ministry of Economy should soon open a public invitation for a capital increase in RTB Bor, as announced by State Secretary at the ministry, Milun Trivunac, on May 17, Tanjug reports.

He said that there were several potentially interested parties and that Prime Minister Aleksandar Vucic had announced the possibility of Chinese investments. The aim, as Trivunac emphasized, is to invest in the mine as well, so that the full capacity of the Smelter would be utilized.

Let us remind that two tenders are already in progress: the one for professional management for RTB Bor (bid submission deadline May 28) and the one for privatization adviser for the selection of a strategic partner for RTB Bor (deadline July 1). As Politika writes in today's issue, this means that the Government has prepared two scenarios for the company and that it has decided to simultaneously implement both – the A scenario means that a team of professional managers are to replace Blagoje Spaskovski, whereas the B scenario entails the arrival of a strategic partner to RTB Bor, whereas the consultant which wins the contract should propose the model by which the strategic partner is to enter RTB Bor.

Serbia Zijin Copper doo Bor

Ministarstvo privrede Republike Srbije

Vlada Republike Srbije

Rudarsko Topionicarski Basen Bor

Committee on the Economy

capital increase in RTB Bor

Blagoje Spaskovski

Milun Trivunac

contest for management of RTB Bor

professional management in RTB Bor

consulting services for selection of strategic partner for RTB Bor