Canada's Diamond Fields amends documentation for RTB Bor

The Canadian company Diamond Fields today amended the documentation for the tendering for the strategic partner for RTB Bor, Beta learns.

The deadline for the submission of bids for RTB Bor expired on August 20, and the tendering commission announced that three companies had submitted bids, Zijin from China, U Gold from Russia and Diamond Fields from Canada.

It was determined that the Canadian company had not submitted full documentation and was given a deadline to amend it, which expired today. The commission now needs to announce whether all three offers meet the terms of the tender and the documentation with the financial part of the offers will be opened subsequently.

The strategic partner of RTB Bor needs to invest at least USD 350 million for an ownership stake. The ownership stake that the state is offering up for sale is not defined, so the winner will be the company which offers the biggest amount of money for the smallest stake.

Eligible bidders include local and foreign companies with at least 10 years of the exploitation or the production of copper and other noble metals behind them.

Diamond Fields Resources Inc.

Serbia Zijin Copper doo Bor

Zijin Mining Group Co Beijing

Diamond Fields

tender for purchase of RTB Bor

U Gold