Cukaru Peki Project, Bor

Terragold is awarded with H&S service contract on Cukaru Peki exploration twin decline project, Rakita, Nevsun, by Ostu Stettin contracting constructor.

Rakita is a Serbian company, subsidiary of Nevsun, currently carrying out exploration activities in the Timok district of Eastern Serbia, near the town of Bor, and holds the exploration license for the Cukaru Peki Project (The Project). Rakita is owned and operated through a joint venture between Nevsun Resources Ltd. and Freeport-McMoran Exploration Corporation.

Ostu Stettin is a mining and civil construction company, with more than 100 years of experience. OESTU-STETTIN becomes a part of the HABAU GROUP, and nowbelong to one of the biggest construction companies in Austria. Ostu Stettin has approximately 500 employees and a group turnover of about 240 million Euro per year.