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Zijin Serbian units Q1 exports total 486.8 mln euro - finmin

Zijin Serbian units Q1 exports total 486.8 mln euro - finmin Source: Zijin Bor Copper

BELGRADE (Serbia), April 18 (SeeNews) - Serbia Zijin Mining and Zijin Bor Copper, both units of China's Zijin Mining Group, booked 486.8 million ($525.7 million) in exports in the first quarter of the year, finance ministry data showed on Monday.

Serbia Zijin Mining's exports in the quarter to March amounted to 276.8 million euro, making it the country's largest exporter in the first three months of 2022, according to figures published on the ministry's website.

Zijin's other unit in Serbia, Zijin Bor Copper, exported 210 million euro in the first three months of 2022, and ranked third on the exporters' list.

HBIS Group Serbia Iron & Steel, a unit of Chinese steelmaker HBIS, was Serbia's second-largest exporter in the period, with 234.7 million euro worth of exports.

No comparative data was provided for either of the three companies.

In 2021, Zijin Bor Copper signed a Strategic Partnership Agreement with the Serbian government, with plans to invest $1.26 billion in Serbia in the 2021-2027 period. The cabinet later announced that the company has revised its plans, and that it now plans to invest some $1.9 billion during the period.

($ = 0.9262 euro)

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