economy

April 26, 2026

A River in Serbia is Like a Treasure Chest

The head of the new system, Boban Mladenovski, says the plan is for the first phase of exploitation to last 22 years.

A River in Serbia is Like a Treasure Chest

TL;DR

  • Over 800 million tons of ore with an average of 0.57% copper are estimated in the Bor River mine.
  • The first phase of exploitation is planned for 22 years.
  • Excavation will start at 4.8 million tons of ore in the first year, reaching 18 million tons by the fifth year.
  • The "New Jama" project will involve an investment of $1.16 billion.
  • The ore also contains an average of 0.19 grams of gold and 1.32 grams of silver per ton.
  • The project includes extensive underground infrastructure, a crushing and grinding hall, and a 600-meter deep conveyor belt.
  • The company is seeking mining engineers specialized in underground exploitation and mechanical/electrical engineers.

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