Canadian bid for RTB Bor given second chance – New bid submission deadline August 27

The Work Group for the privatization of RTB Bor has approved an additional deadline for the Canadian company Diamond Field to enhance its bid, Politika learns unofficially.

Considering that the company had an operating income of only USD 1 million at the end of 2017, Diamond Field has been officially required to prove that the income of its related parties reaches at least USD 500 million, which is one of the terms of the tender.

As Politika wrote previously, the 2017 financial report of Diamond Field shows that the company doesn’t meet all the terms of the tender, due to its small income.

Our sources say that Monday, August 27, has been set as the new deadline. After that, an official announcement will be made about the bids that satisfy the terms of the tender, following which the financial part of the package is to be opened.

Diamond Fields Resources Inc.

Serbia Zijin Copper doo Bor

Diamond Field

RTB Bor

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