26.9 C
Belgrade
Supported byspot_img
spot_img

Zijin Bor Copper will invest in the reconstruction of Serbian copper smelter

Member of Europium Groupspot_img
Supported byspot_img

Zijin Bor Copper’s deputy managing director Simon Ling said in June that the company plans to invest $1.26 billion in capacity and equipment overhaul, as well as environmental and safety improvements at the Bor mining complex.

Zijin Bor Copper, the Serbian unit of China’s Zijin Mining Group, plans to invest a total of $265 million (225 billion euro) in the reconstruction of the Bor copper smelter, it said. The company started the project in September, two months ahead of schedule, due to the increased flue gas emissions caused by a malfunction in the plant equipment, which negatively affected air quality in Bor, Zijin Bor Copper said in the latest edition of corporate newsletter Kolektiv.

Zijin Bor Copper plans to complete the reconstruction of the Bor copper smelter by the end of 2022 and will attach priority to the installation of a flue gas capturing and desulphurisation system, which will be completed by the end of 2021, it said.

Supported by

So far, the company has invested a total of $38.15 million in environmental improvements and plans to make further $120 million investments in the field throughout the working life of the mine, it added.

According to media reports, the Bor city government has filed a criminal complaint against Zijin after measuring stations of the country’s Environmental Protection Agency registered excessive SO2 levels for three days in a row in September.

Source: seenews.com

 

 

Supported byElevatePR Digital

Related News

Final legal discussions underway for EU-Serbia lithium trade partnership

Commissioner Maroš Šefčovič revealed that the final legal obstacles are being addressed before the EU-Serbia trade partnership, focused on sourcing lithium from the Jadar...

Balancing Serbia’s lithium wealth with environmental responsibilities

Serbia's aggressive foreign policy stance towards its neighbors is matched by its valuable lithium reserves, estimated to account for about 1.3 percent of global...

Deciphering Rio Tinto’s influence: The mining conundrum in Serbia

In the sphere of Serbian mining, Rio Tinto's possible compensation claims have become a focal point of discussion among politicians, with some treating the...

Continued exploration efforts: Rio Tinto’s pursuit in the Jadar project

The "Jadar project" was officially terminated at the start of 2022, yet Rio Tinto persists in its exploration endeavors with the full backing of...
Supported by
Supported by
Supported by
error: Content is protected !!