Serbia Zijin Mining, a unit of China’s Zijin Mining Group,
increased its total revenue by more than 22% in 2025 while net
profit rose 24%, Forbes reported on April 8, citing
company data.
The results underline the company’s dominant role in Serbia’s
booming mining sector, where it has quickly grown into one of the
country’s most profitable firms and its largest exporter since
launching operations in 2021.
The company’s net profit reached RSD133.2bn (about €1.14bn) in
2025, up from a year earlier, Forbes Srbija reported, citing
financial statements filed with Serbia’s Business Registers
Agency.
Operating revenue climbed 18% year-on-year to RSD213.8bn (about
€1.83bn). Of that total, RSD210.9bn (about €1.8bn) came from the
sale of copper and gold concentrates to related parties abroad, the
company said.
Total revenues stood at RSD224bn (about €1.91bn) in 2025,
compared with RSD180.9bn (about €1.55bn) the previous year.
Serbia Zijin Mining said exchange rate movements also
contributed to the increase, noting that financial revenues rose
due to foreign exchange differences linked to changes in the value
of the US dollar.
The company, which launched operations in Serbia in October 2021
with the start-up of the Čukaru Peki mine, has rapidly become one
of the country’s most profitable firms and its largest
exporter.
Serbia Zijin Mining is wholly owned by Čukaru Peki, a
Netherlands-registered company that is part of China’s Zijin Mining
Group.
Zijin entered the Serbian market in 2019 after acquiring
Canadian miner Nevsun Resources, gaining control of the Čukaru Peki
copper-gold deposit, one of the richest ore deposits in the region.
Production at the mine began in 2021.
According to its 2025 business report, Serbia Zijin Mining holds
five exploration licences in Serbia and exploitation rights to the
Čukaru Peki deposit, with full ownership of both its upper and
lower zones.
The Zijin Mining Group operates projects in 16 provincial-level
regions in China and runs 21 mining projects across 15 other
countries. Its key overseas assets include the Čukaru Peki
copper-gold mine and the Bor copper mine in Serbia, the
Kamoa-Kakula and Kolwezi copper mines in the Democratic Republic of
Congo and the Buriticá gold mine in Colombia.
Beyond mining, the company has also expanded its investments in
Serbia. Last year Zijin acquired Alba Invest, taking over the former
Falkensteiner Hotel in the capital Belgrade.
© 2026 bne IntelliNews, source Magazine