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Cukaru Peki copper-gold mine helps Serbia become Europe's second largest copper producer

Jun. 08, 2021

Serbia Zijin Mining, a wholly-owned subsidiary of China Zijin Mining, has obtained permission from the Serbian government to conduct mining activities at the Cukaru Peki copper-gold mine, part of the Timok project in the eastern part of the country.

The country’s Ministry of Mines stated that once the mine starts operations, Serbia will become the second largest copper producer in Europe. Cukaru Peki initially planned to start production in the summer of 2021, with an initial average copper production of 91,000 tons/year and an annual gold production of approximately 200,000 ounces.