Mineco was established in 2003 and now employs some 2,000 people in 8 European countries.
- Commodity Trading – Through our London, Zug and Moscow offices we procure, market and move non-ferrous & precious metals (including all of our own concentrates and metals).
- Base Metal Mining – Mineco Ltd operates 5 mines in Bosnia and Serbia. Furthermore Mineco’s in-house Project Delivery Team are working on several development projects in the Western Balkans.
- Smelting & Refining
Base metal mines in Serbia & Bosnia:
Located in central Serbia Rudnik was acquired through privatisation in 2004. Producing lead (with silver grades), zinc and copper Rudnik processes some 250,000 tpa.
Situated in Eastern Bosnia & Herzegovina, Gross was awarded the concession to operate the Sase mine in 2005. With 6.7 million tonnes of reserves and a further 20 million tonnes of resources Gross is Mineco’s biggest mine.
- Veliki Majdan
Located in Western Serbia, 10 kilometres from Gross mine, Veliki Majdan was acquired from liquidation in 2007 with production restarted in 2010. Whilst a smaller mine than either Rudnik or Gross, the very high silver grades support continued investment into this operation.
A polymetallic lead and zinc mine, located near the border to Bulgaria and Macedonia, approximately 400km from Belgrade. The project was re-started in 2017 and with over 2 million tonnes of reserves, the production is expected to increase to 240,000 tpa.
Approximately a 50 minute drive from Sarajevo, the Olovo project is a monomineralic narrow vein lead deposit, hosted in triassic carbonates. Mining production started in 2018 and the processing facility was constructed in 2019.