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New smelter in RTB Bor

02. July 2010.

Tearing down of one of three old sulfuric acid factories started today (July 1, 2010) on the grounds of Mining-Smelter Basin (RTB) Bor, as a part of the preparations for construction of a new copper smelter worth 175 million euros in that location.

As people in RTB explained, German waste iron recycling company Scholz will carry out the disassembling works.

- The old sulfuric acid factory will be disassembled in about four months and construction of the new smelter, which will be processing about 400,000 tonnes of copper concentrate per year, will start as soon as the terrain is examined - RTB CEO Blagoje Spaskovski said today (July 1, 2010).

According to the contract that was signed last month by the representatives of RTB and Canadian company SNC Lavalin, the smelter will be finished in maximum 36 months, by the technology of Finnish company Ototek.

RTB and the state emphasize that the construction of the new unit will increase the economic profitability of copper production and stop a century-long polluting of this part of Serbia.

The money for construction has been provided from the loan of Canadian export bank EDC in amount of 135 million euros, while remaining 40 millions have been provided by RTB Bor and the state of Serbia.

Source: eKapija