No money for Serbian budget from sale of RTB Bor

N1

Belgrade daily Politika reported on Tuesday that the Serbian state budget won’t get any of the money from the sale of the RTB Bor mining and smelting complex.

“Not a single dollar of the 1.46 billion that the Chinese company Zijin Mining offered for the RTB Bor will go into the budget,” The daily said that it was told unofficially by sources in the Serbian government.  

The only money that the government can get from the transaction is for debts to state creditors,  

The sources said the government will not guarantee the loans that Zijin Mining plans to take to implement its business plan.