Freeport McMoRan Exploration Corp. mining company will search for copper, gold and silver at depths of more than 2 kilometers (1.25 miles) with RTB Bor in eastern Serbia.
Freeport will employ its block caving technology for deep ore zones to try to find new deposits at RTB Bor’s Cerovo, Coka Marin and Borska Reka mines and in surrounding locations, the Serbian state-owned company said in an e-mailed statement today.
A strategic partnership between the two was discussed during a visit to RTB Bor by Freeport officials this week, the statement said. Pending approval by Serbian regulators, the cooperation would focus on new reserves, while RTB Bor, the Balkan country’s only copper miner and smelter, would continue mining its proven deposits of some 1.5 billion tons of ore.
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