Serbia

China’s Zijin Mining Group is developing plans to expand its copper mine in Eastern Serbia due to the outlook for the demand for the metal, a crucial aspect of the global energy transition. The group opened the Cukaru Peki copper and gold mine almost two years ago with a USD 678 mln investment. According to a top official, around USD 3.5-3.8 bln of infrastructure investments are required to reach the additional reserves.