Off The Wire
Serbian miner RTB Bor attracts 11 possible buyers -report
Politika quoted Energy and Mining Minister Aleksandar Antic as saying Belgrade would launch a tender to privatise the company this week or next. Companies from China, Russia, Canada and Turkey, as well as a consortium from Kazakhstan, have expressed interest in buying RTB Bor, Politika quoted Antic as saying.
Last week, at a 16+1 summit between European and Chinese leaders in Sofia, Antic said the buyer would have to invest around $300 million in the company. He also said that Zijin Mining could be among bidders. RTB Bor's first-half copper exports rose 23 percent to 15,000 tonnes, company data showed. Export revenue between January and June stood at $107.1 million and it sold copper worth an additional $30.9 million domestically. To speed up reforms and spur growth, as recommended by the International Monetary Fund, Serbia must dispose of remaining state-run companies.
Attempts to sell RTB Bor in 2007 and 2008 failed as bidders
did not meet terms of those tenders.
(Reporting by Aleksandar Vasovic; editing by Jason Neely)