[ET Net News Agency, 18 September 2018] Zijin Mining (02899) said the company, being
the strategic partner, proposes to invest a total amount of US$350 million in cash
(equivalent to RMB2.398 billion) for the capital increase of RTB Bor Group.
After the completion of the capital increase, the company will hold 63% of the equity
interest of the target company, while other shareholders of the target company will hold
37% of its equity interest.
The target company is a state-owned copper company in Serbia. It owns the only copper
mines and smelter plant in production in Serbia. Its projects have a large volume of
resources reserves. There is a great potential in increasing production capacity if the
technologies are upgraded. (SC)