About us

Mineco was established in 2003 and with a head office in the United Kingdom, Mineco now employs 2000 people in 8 European countries and in Russia.

  • Commodity Trading – Through our Moscow office we procure, market and move non-ferrous & precious metals  (including all of our own concentrates and metals).
  • Base Metal Mining – Mineco operates 3 mines in Bosnia and Serbia. Furthermore Mineco’s in-house Project Delivery Team are working on  a further 5 development projects in the Western Balkans.
  • Smelting & Refining – Mineco owns the Fregat secondary lead smelter in Russia.
Mines – Base metal mines in Serbia & Bosnia:
Rudnik Rudnik – Located in central Serbia Rudnik was acquired by Mineco from the Belgrade stock exchange in 2003. Producing lead (with silver grades), zinc and copper Rudnik processes some 250,000 tpa.
  • Gross – Situated in Eastern Bosnia & Herzegovina, Gross was acquired from liquidation 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. Whilst a smaller mine than Rudnik & Gross, the very high silver grades support continued investment into this project.

Smelter – Mineco acquired, in 2011, the Fregat secondary lead smelter located near to Moscow in Russia. After substantial investment to finish the process construction the smelter has capacity to recycle the lead from 170,000 tonnes of used lead-acid batteries per year. Using latest technology Fregat is the largest high-grade lead producer and one of the most environmentally friendly scrap smelters in the Russian Federation.

Development Projects – Through the Project Delivery Team, a group of mining professionals, all with extensive international experience, working out of Mineco’s Belgrade offices in Serbia a number of new mining projects are under development. The lead mine in Olovo, Bosnia & Herzegovina will be re-opened in 2015, resulting in a 25% increase in Mineco’s mining operations. Further projects include a greenfield poly-metallic base metal mine in Serbia and a brownfield antimony mine in Bosnia & Herzegovina.