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China’s Zijin obtains all permits to start commercial production of copper and gold in Serbia

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(Kitco News) - Zijin Mining announced today that its subsidiary Serbia Zijin Mining Doo has obtained the permits for the use of all mine facilities of the Upper Zone of the Timok copper and gold mine issued by the Ministry of Mining and Energy of Serbia on 12 October 2021.

The company said that having completed all the formalities required for the current stage of production, the Timok mine will commence formal production in compliance with the laws and regulations.

The construction of the mining and processing project of the Upper Zone started in early 2019. The construction task took around two and a half years to complete.

"The project entered into trial production stage in June 2021 and has now passed the acceptance check organised by relevant departments in Serbia, realizing a smooth transition from project construction to production and operation," the company said in a statement.

The Timok mine (also known as the Čukaru Peki copper and gold mine) is a large-scale copper and gold mine. The reserve volumes of resources at the Upper Zone are1.28 million tonnes of copper metal and 81 tonnes of gold metal; the volumes of resources at the Lower Zone are 14.30 million tonnes of copper metal and 299 tonnes of gold metal.

The mining and processing project of the Upper Zone of the Timok mine is designed to process 3.30 million tonnes of ore per annum. The first mining section will be the super-high grade ore deposit. It is expected the project will produce 50,000 tonnes and 3 tonnes of copper and gold in concentrate form in 2021, respectively.

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