A Chinese mining company is set to enhance copper and gold operations in Serbia, aiming to position the Balkan country as the largest copper producer in Europe. Zijin Mining’s chairman, Chen Jinghe, revealed the company’s ambitious goal to produce 250,000 tonnes of copper and 10 tonnes of gold annually from its Serbia operations, a slight increase from previous years.
The strategic partnership between Zijin Mining and Serbia’s RTB Bor mining operation, established in 2018, has led to significant economic growth for both parties. China’s investment in Serbia has been on the rise, with Chinese-owned companies emerging as top exporters in the country. Last year, Zijin Mining alone accounted for over a billion euros worth of exports, reinforcing China’s growing importance to Serbia’s economy.
While government officials praise the economic benefits brought by Chinese investments, local residents near the mining sites have voiced their concerns through regular protests since January. Demonstrators in the eastern city of Bor have been blocking roads to oppose the expansion of mining activities in the area.
With copper being a crucial element in the production of electronic devices and a key player in the global energy transition, Zijin Mining’s efforts to boost copper and gold operations in Serbia are poised to have a significant impact on both the local economy and the global market. As China solidifies its economic presence in central and eastern Europe, the implications of this partnership are far-reaching.
