en.Wedoany.com Reported - Serbia Zijin Mining (Zijin Serbia) achieved a net profit exceeding 1.1 billion euros in 2025, a 60% increase from approximately 700 million euros in 2024, and nearly four times the profit level of 2021. The company's operating revenue surpassed 1.8 billion euros in 2025, with 1.77 billion euros coming from the sale of copper-gold ore concentrate to overseas affiliated entities. Serbia Zijin Mining is a Serbian subsidiary of China's Zijin Mining Group and has been operating locally since 2019. Its core asset, the Čukaru Peki copper-gold mine, officially commenced production in 2021.
According to the 2025 annual financial statements published by the Serbian Business Registers Agency, the company's total annual revenue (including other income) reached 1.88 billion euros, a year-on-year increase of over 22%. This growth was primarily attributed to the slower growth rate of total expenses compared to revenue growth. The company's cash position increased from 5.9 billion dinars to 10.5 billion dinars, and long-term loans to the parent company and affiliated foreign entities rose from zero to 4.9 billion dinars. In 2025, Serbia Zijin Mining also acquired Alba Invest, thereby taking over the former Falkensteiner hotel in New Belgrade. Equity investments on the balance sheet increased from 110 million dinars to 1.7 billion dinars.
Serbia Zijin Mining is primarily engaged in the production and sale of copper-gold concentrate. The company holds five exploration licenses in Serbia and has 100% mining rights to both the upper and lower zones of the Čukaru Peki deposit. The mine is located six kilometers south of the city of Bor and has an annual ore processing capacity of 3 to 4 million tons, with an average copper grade of 2.9% and 1.7 grams of gold per ton of ore. As of the end of 2025, the company employed 1,369 people. In the same year, the company completed the acquisition of 930 hectares of land, involving 2,523 plots, with total compensation payments amounting to 31.25 million euros. According to the annual business report, the lower zone project of Čukaru Peki will be developed in three phases, with intensive construction planned to continue until 2052. Studies are currently being finalized and trial operation permit applications are underway.
Headquartered in China, Zijin Mining Group operates mining projects in 16 provincial-level regions domestically and has 21 projects in 15 other countries worldwide. The Group's major overseas assets include the Čukaru Peki copper-gold mine in Serbia, the Bor copper mine (operated by the independent Serbia Zijin Copper), the Kamoa-Kakula and Kolwezi copper mines in the Democratic Republic of the Congo, and the Buriticá gold mine in Colombia. The total value of property, plant, and equipment for Serbia Zijin Mining increased from 117 billion dinars to 133 billion dinars in 2025.
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