Zijin Mining stock: Serbia's Student List targets Bor expansion

Published on 11/13/2026 at 15:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Zijin Mining stock faces a new political hurdle in Serbia as the Student List challenges the Jama Bor expansion. The project remains in planning.

Political pressure meets expansion plans

Serbia's Student List wants preparations for the Phase II Jama Bor plan suspended.
Serbia Zijin Copper says the planning process follows the legal framework and remains open to public participation.
The project could increase annual ore production and extend the mine's operating life, but it remains in planning.

Zijin Mining, CNE100000502, Illustration mit AI erstellt.

Serbia's Student List movement has called for preparations for the Phase II expansion of Zijin Mining's Jama Bor copper project to be suspended. S&P Global reported the request on November 11, after the movement won a majority of seats in Serbia's National Assembly in the October 25 election.

Political challenge targets Bor project

The movement asked Serbia's Agency for Spatial Planning and Urbanism to suspend work on the special-purpose spatial plan and to seek an initiative from the future government to revoke the decision to proceed. Its objections focus on underground mining beneath populated areas and infrastructure in Bor, with concerns about ground instability, damage to the historic center and resident displacement.

Serbia Zijin Copper, a majority-owned subsidiary of Zijin Mining, told S&P Global that the planning procedure is proceeding within the legally prescribed framework and includes opportunities for public information and participation.

Growth potential faces execution risks

The proposed development covers deeper sections of the Borska Reka copper deposit and includes a new flotation plant and additional infrastructure. According to Serbia Zijin Copper, annual ore production could rise from 4.8 million metric tonnes in the first year to 18 million metric tonnes in the fifth year, while the mine's life could be extended by 22 years.

The company said a planned excavation method could create a subsidence zone around Brezonik and between the settlement and the former Bor open-pit mine. About 290 residential properties could require relocation. The timetable therefore depends on political decisions, technical studies, public consultation and negotiations with residents.

Zijin Mining stock traded at 3.14 euros on Lang & Schwarz at 15:06 CET on Friday, November 13.