Rudarski radovi br 4 2011 - Institut za rudarstvo i metalurgiju Bor

The average net wages have a tendency<br />
of slow increase. They are a bit higher than<br />
the average wages in the industry of Serbia,<br />
what is normal having in mind the business<br />
conditions in the company.<br />
Table 6. Net wages (anual average in<br />
RSD) [7]<br />
Unit 2008. 2009. 2010.<br />
RBB Bor 34.676 37.027 40.619<br />
RBM Majdanpek<br />
34.026 35.811 40.056<br />
TIR Bor 34.633 37.165 40.574<br />
Company<br />
management<br />
42.055 45.138 50.722<br />
RTB Bor 34.651 36.983 40.701<br />
Serbian average<br />
32.746 31.733 34.009<br />
Index, % 105,8 116,5 119,7<br />
The average paid net wage in RTB Bor<br />
in 2010 is 40,701 RSD per month and it is<br />
higher than the average wage in Serbia by<br />
19.7%. By the production units inside the<br />
company, the wages are almost equal.<br />
INVESTMENTS<br />
Economic and financial crisis, unfavorable<br />
business economy and lack of<br />
financial means disabled the realization of<br />
many investment projects in the company.<br />
Besides that, there were no investments<br />
into replacement of old equipment. As a<br />
consequence, the technical level of production<br />
was very low and applied technologies<br />
were obsolete.<br />
After a long period, the first major investments<br />
were realized in 2010. In mining,<br />
a new high-capacity loading and<br />
transport equipment was put into operation<br />
for the needs of the Veliki Krivelj and<br />
Majdanpek mines. Total value of all investments<br />
in the field of mining and metallurgy<br />
reached 63,524,000 US$. Thus, a<br />
new investment cycle has started in this<br />
company.<br />
Plan of investments for 2011 is even<br />
more ambitious. The expected investments<br />
have reached the total of 272 million US$,<br />
out of which 103,800,000 US$ in mining<br />
sector, 163,200,000 in metallurgy and<br />
5,000,000 in the other fields. The highest<br />
investments are related to the reconstruction<br />
of Smelter Plant and construction a<br />
new Sulfuric Acid Plant. These investments<br />
are very important because they will enable<br />
the increase of production, improvement of<br />
working conditions and solving the existing<br />
environmental problems in Bor.<br />
CONCLUSION<br />
Since 90’s, RTB Bor operates in extremely<br />
complex and tough conditions.<br />
Many circumstances had their role in it –<br />
disintegration of Yugoslavia, the UN<br />
sanctions, civil wars in the neighborhood,<br />
NATO campaign, transition processes in<br />
the country and finally many problems<br />
inside the company. This is certainly one<br />
of the most serious crisis in which the<br />
company found itself during its existence<br />
longer than a century.<br />
The main characteristics of recent production<br />
were low graded ore, low production,<br />
high metal price and unfavorable<br />
business economy. Also, here is a high<br />
degree of liquidity, high indebtedness and<br />
serious environmental problems.<br />
After years of agony, 2010 brought<br />
some changes and it might be considered<br />
as the breaking point in company existence.<br />
Production of copper from own<br />
resources rises, copper price significantly<br />
exceeds the production costs and overall<br />
financial results are, after very long period,<br />
positive. This is a period of huge<br />
investments, and it is expected that it will<br />
be continued in future. On the other hand,<br />
there are still many problems remained<br />
from the past that make more difficult the<br />
business activities of company.<br />
No 4, 2011. 145<br />
MINING ENGINEERING