Romanian Cuprom to invest in RTB Bor

Romanian company Cuprom has plans to bring RTB Bor mines close to European mining standards by making major investments.

Izvor: Beta

Thursday, 22.02.2007.

15:24

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Romanian Cuprom to invest in RTB Bor

The recent accident in the Jama mine claimed one life.

Cuprom Romania, one of Europe's biggest makers of electrolytic copper and copper products, had the highest bid of 400 million dollars in the race for the privatization of Serbian copper maker RTB Bor.

The company plans to temporarily shut down Jama and Borska reka mines and appoint its miners to other job posts so as to conduct a detailed survey of the two mines.

If the investment into Jama mines proved lucrative, Cuprom Company would draw up an investment plan to upgrade the working conditions in the mine and secure its workers, the statement says.

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