Zijin to make USD 350 mln payment after RTB Bor acquisition

Right after its December 18 official acquisition of the RTB Bor mining and smelting complex, China's Zijin Mining will make a cash payment of 350 mln dollars, says RTB Bor CEO Blagoje Spaskovski.

12 Decembar 2018 18:03

BOR - Right after its December 18 official acquisition of the RTB Bor mining and smelting complex, China's Zijin Mining will make a cash payment of 350 mln dollars, says RTB Bor CEO Blagoje Spaskovski.


"Unlike all other partnerships and sales in Serbia, we will have 350 mln dollars of cash money. That is the sum Zijin will pay immediately, while the additional 900 mln dollars will not be a payment, but an investment," Spaskovski said according to a company statement.


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