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Zijin to open Cukaru Peki mine in Serbia in 2021 Source: Serbian Energy Ministry
BELGRADE (Serbia), March 17 (SeeNews) - Zijin Bor Copper, the Serbian unit of China s Zijin Mining Group, plans to open a mine in the Cukaru Peki Upper Zone of Serbia s Timok copper-gold project this summer, the Serbian energy ministry said.
Zijin Bor Copper is investing $474 million (398 million euro) in the development of the mine, which will have a capacity to produce 3.3 million tonnes of ore annually, the energy ministry quoted company director Jian Ximing as saying in a press release on Tuesday.
The Timok copper and gold project located in eastern Serbia consists of the Cukaru Peki Upper Zone and Lower Zone. Rakita Exploration, a subsidiary of Zijin Mining Group, owns 100% of the Cukaru Peki Lower Zone.