The Bankruptcy Administration Agency announced the auction of the mine, which is part of the Farmakom MB consortium currently in bankruptcy.
The mine, valued at approximately €69 million, includes a range of assets such as buildings, land, and advanced ore processing equipment. Interested buyers must submit their applications by August 26, with bidding increments set at 500 million dinars.
Farmakom MB, which acquired the Lece Mine in 2008, has been in bankruptcy since 2017. In 2010, Farmakom’s owner, Miroslav Bogićević, revealed that analyses showed the mine to be a significant gold source. In 2019, Serbian President Aleksandar Vučić mentioned that Zijin, a major mining company, was considering the acquisition of the Lece Mine.
