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Serbian Copper Miner Plans 30% Increase in Copper Output in 2013

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Dec. 24 (Bloomberg) -- RTB Bor, Serbia’s sole copper producer, plans to increase output by about 30 percent and post $7.27 million in net income next year.

The state-run company plans to produce 42,230 tons of copper cathodes as well as 917 kilograms of gold and 5.2 tons of silver next year, the company said in an e-mailed statement today. It gave no figures for this year’s gold and silver output or net income.

Bor also plans to invest $330 million next year, including a new smelter, it said.

To contact the reporter on this story: Gordana Filipovic in Belgrade at gfilipovic@bloomberg.net

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

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