Freeport McMoRan to Explore Deep Ore Deposits at Serbian RTB Bor

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.

To contact the reporter on this story: Misha Savic in Belgrade at msavic2@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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