Nevsun to Invest 600 Million Dollars in a New Gold Mine near Bor

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The Canadian company Nevsun will invest close to 600 million dollars in the opening of the new “Cukaru peki” copper and gold mine complex near Bor.

As the daily Vecernje Novosti wrote in its Sunday edition, the recent geological surveys conducted on this locality so far, costing several hundred million dollars, have confirmed that this is one of the richest gold and copper sites in the world.

According to the preliminary feasibility study, 27 million tons of ore will be extracted, containing an average of 3.3 percent of copper and 2.21 grams of gold per ton.

According to the study, expected to be amended by mid-May, the mine should open in 2022 and the ore is to be exploited for another decade.

Source: Beta

Photo: Pixabay