Serbia not to sell coal mining firm Resavica - energy minister.

By bne IntelliNews August 7, 2012
The Serbian government does not plan to sell coal mining company Resavica, Tanjug news agency reported citing energy minister Zorana Mihajlovic. Instead of splitting the company into smaller parts and offering for sale part of them, the government is planning to invest in new technology and improve the miners' safety as well as boost the company's coal output, Mihajlovic added. Resavica operates nine mines employing some 4,000 miners. The company's Rembas mine will open a new pit in the next six months in order to reach a new layer of coal and ensure additional quantities for the next 15 years, Mihajlovic said.

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