Zijin Blacklisted by investors and pension funds Multilateral company Zijin currently operates a copper and mining complex in Bor. The company is accused of severe pollution in several countries and has been found to have violated the UN Convention on Biological Diversity by dumping large amounts of waste into a river in Papua New Guinea.… Continue reading Chinese companies in Serbia – disgraced in international operations
China continues to be the top financier of coal-fired power internationally. Its state-owned enterprises and development banks are constructing and financing many of the world’s new coal projects, including in Europe where up to 3.5 gigawatts of capacity is planned with support from Chinese state entities. This is increasing the risk that countries participating in… Continue reading The debacle of Chinese financed Kostolac B3 coal-fired power station in Serbia
Serbia has become a hotspot for large scale Chinese investments and lending in highly polluting industries. Some of the activities will leave a deep footprint in the environment and the rule of law. BRI-Europa presents an overview of the most problematic takeovers in the country and explain how they were approved without required transparency and procurement procedures.