Karanovic & Partners has advised Zijin Mining on its successful participation in a privatization procedure that resulted in the company becoming a strategic partner in Serbia's sole copper complex, RTB Bor. As a result, Zijin Mining pledged to invest USD 1.46 billion in return for a 63% stake.
Zijin Mining is a Chinese gold, copper, and non-ferrous metals producer and refiner.
RTB Bor is a copper mining and smelting complex located in Bor, Serbia. Copper ore has been excavated and melted for more than 100 years in RTB Bor, and the company contributes 0.8% of Serbia's GDP.
The Karanovic & Partners team was led by Senior Partner Milos Vuckovic and Partner Ivan Nonkovic.
