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Zijin interested in purchasing Serbian miner RTB Bor

Zijin Mining Group Co. Ltd. is interested in purchasing Serbian copper miner and smelter RTB Bor, Reuters reported March 12, citing the office of Serbian President Aleksandar Vucic.

This follows a meeting between Vucic and Zijin representatives, who expressed interest in investing in the business.

Serbia has been trying to off-load the debt-laden mining complex since 2007.

Energy Minister Aleksandar Antic recently said the country would kick off a tender by June to take the company private. Potential buyers should be able to invest between US$300 million and US$330 million as well as address environmental risks.

Vucic's office said the Chinese firm would be welcome to take part in the tender.

The Chinese embassy in Belgrade and Zijin were not immediately available for comment, Reuters added.