"Austrians not giving up on Bor"

Austrian businessman Mirko Kovacs has no intention of giving up on the purchase of the RTB Bor copper mines and smelter, according to Austrian daily Osterreich. Kovacs, owner of the A-TEC group, is willing to cooperate with the Serbian government, with a view to changing RTB Bor’s ownership structure, writes the daily. "Austrians not giving up on Bor" According to Osterreich, he could run the Bor copper mine, which is due for privatization, in a joint arrangement with the government. An unnamed source from the negotiations told the daily that such a solution would be acceptable for Kovacs, who dropped out of the race for the faltering copper giant after failing to meet payment deadlines. The Austrian businessman said that he was open to all suggestions, but added that he was not certain whom he would be dealing with from the government. The A-TEC group won last November’s second tender for the sale of the company, bidding USD 466mn, but then failed to make the payment in time.

"Austrians not giving up on Bor"

According to Osterreich, he could run the Bor copper mine, which is due for privatization, in a joint arrangement with the government.

An unnamed source from the negotiations told the daily that such a solution would be acceptable for Kovacs, who dropped out of the race for the faltering copper giant after failing to meet payment deadlines.

The Austrian businessman said that he was open to all suggestions, but added that he was not certain whom he would be dealing with from the government.

The A-TEC group won last November’s second tender for the sale of the company, bidding USD 466mn, but then failed to make the payment in time.