RTB Bor tender deadline expires

Today is the deadline set by the Privatization Agency for interested parties to submit offers in the tender to sell RTB Bor. The starting price for the eastern-Serbia based copper mining and smelting complex has been set at USD 340mn, with another USD 180mn of mandatory investment for the future owner. RTB Bor tender deadline expires The tender offers exploitation rights for copper mining, copper refining, and the Bor and Majdanpek mine assets, as well as those of the smelter. The first tender bid to sell the ailing giant fell through in April when the first-placed bidder, Romanian Cuprom, dropped out of the deal after failing to provide financial guarantees for the USD 400mn it offered. Now, five companies bought the tender documentation necessary for participation in the sale process, and they include East Point, Russian Strike Force and Solvay, Austrian Brixlegg, and India's Vedanta Resources. The race to acquire Serbia's largest copper and precious metals processor will be all the more exciting bearing in mind the record price of copper in the world markets, where it reaches USD 8,000 per ton.

RTB Bor tender deadline expires

The tender offers exploitation rights for copper mining, copper refining, and the Bor and Majdanpek mine assets, as well as those of the smelter.

The first tender bid to sell the ailing giant fell through in April when the first-placed bidder, Romanian Cuprom, dropped out of the deal after failing to provide financial guarantees for the USD 400mn it offered.

Now, five companies bought the tender documentation necessary for participation in the sale process, and they include East Point, Russian Strike Force and Solvay, Austrian Brixlegg, and India's Vedanta Resources.

The race to acquire Serbia's largest copper and precious metals processor will be all the more exciting bearing in mind the record price of copper in the world markets, where it reaches USD 8,000 per ton.