EFT News

Monday, March 31, 2014
Stanari Project Receives RS Chamber of Commerce Award For Investment of the Year 2013

Stanari, March 31, 2014 - EFT - Mine and Thermal Power Plant Stanari received the award of the Chamber of Commerce of the Republic Srpska in the 2013 investment of the year category, at the ceremony held in Banja Luka last Friday. 

The goal of the annual „Selection of the most successful businesses in the RS", traditionally attended by the state's dignitaries and representatives of the business community, is to promote businesses which have contributed to the economic development of the country and the region.

In 2013, the EFT Group invested EUR 145.2 m in the Stanari project, of which EUR 7.7 m in the mining complex, and another EUR 137.5 m in the construction of the power plant. The total investment into the mine and the power plant is EUR 560 million.

Since 2005 to date, around EUR 250 m have been invested in the Stanari project. Total profits made since the arrival of the EFT Group to Stanari have been reinvested in the modernization of the Mine and the construction of the TPP.

Last year, the EFT - Mine and TPP Stanari employed 476 workers. At present, this number is 537. With the start of commercial operation, in 2016, the number of full-time employees will exceede 900.

Now entering its 11th year, the Chamber's awards are considered the premier accolade for business exellence in the Republic of Srpska. Last year, EFT – Mine and TPP Stanari was awarded in the category of the most successful large company in 2012.