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2011, iss. 4, pp. 131-146
Business economy of RTB Bor in transition period
University of Belgrade, Technical Faculty, Bor
Project:
Improvements of the copper ore extraction and processing with environmental monitoring in RTB Bor Group (MESTD - 33038)

Keywords: transition; economic crisis; restructuring; business economy
Abstract
RTB Bor is our known company for production of copper and precious metals. With a large number of employees, organized on a principle of production complex, it was a reputable business entity in the former Yugoslavia with a profitable business, especially in the area of export. At the same time, RTB was a backbone of economic development in the Timok region and beyond. In 90's, the company fell into deep crisis due to a disintegration of the former Yugoslavia, civil wars in the neighborhood and tough economic sanctions by UN. It led to a drop of production, difficult export, reduced number of employees as well as their living standards. Investments were stopped and business losses became bigger and bigger. In order to improve the business efficiency, the company took several steps in its restructuring. Some down-stream factories were disported and only the base of copper production was kept. In the meantime, there were two attempts of company privatization, but both were unsuccessful, so the company is currently state-owned. Measures for improvement the company business economy are taken in the last couple of years. Some serious investments are in progress, such as reconstruction of the Smelter Plant and construction of the Sulfuric Acid Plant, procurement of mining equipment, infrastructural works, etc. Besides this, the production and export constantly increase and the company, after a long period of time, managed to finish 2010 with positive business results due to a favorable condition of the copper market.
References
Cvetanović, N. (2005) Bakar u svetu. Beograd: IP Nauka
Jovanović, B., Đurđević, M. (2005) Sto godina borskog rudarstva 1903-2003. Bor: RTB
Jovanović, B. (1995) Privreda Timočke krajine - 1940-1990. Bor: Štampa, radio i film
Mihajlović, B., Milićević, Ž. (2008) Održivi razvoj proizvodnje ruda bakra u RTB Bor. Reciklaža i održivi razvoj, 1(2): 11-22
Nikolić, R. (2010) Ekonomija prirodnih resursa. Bor: Kompjuter centar
Nikolić, R. (2004) Troškovi u poslovnoj ekonomiji. Beograd: Grafomag
Slavković, G., Trumić, B., Stanković, D. (2011) Prognoze cena metala platinske grupe u proizvodnji katalizatorskih mreža i hvatača. Rudarski radovi, Bor, br. 2, str. 181-192
 

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article language: Serbian, English
document type: unclassified
published in SCIndeks: 28/02/2012

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