We are constantly looking to modernizing production in all of the assets of its affiliates and partners that it manages, and assets that it works with in liaison with Mineco Group (www.minecogroup.com). Our project pipeline has a compelling internal rate of return and is expected to deliver strong volume growth.

Ciklomen is a lead in an international group of companies focused on the base metal mining and refining of metals. Established in 2006 Ciklomen is based in the Western Balkans, Estonia and Czech Republic Ciklomen and is privately owned.

Ciklomen as a member of international company group, in cooperation with Mineco will continue to build strong and lasting relationships with local and regional host communities and governments, and mitigate the impacts that our activities and products have on the environment.

We will maintain our uncompromising focus on safety, continuing to target fatality elimination, catastrophic event prevention and injury reduction.

Generating and conserving cash will be a key business imperative during 2019. We will continue to ensure our capital is deployed in the most efficient way, and will continue to reshape our portfolio to focus on the highest-returning assets in our preferred industry sectors.

We will further enhance our portfolio as we progress a number of key growth projects, including the Bosilegrad lead and zinc project in Serbia, and the preparatory work for the proposed underground works in Olovo, Bosnia and Herzegovina. Importantly, we will deliver measured, value adding growth while maintaining our capital expenditure at 2018 levels.

Our strong focus on costs will continue in 2019, as we target further operating, exploration and evaluation cost will provide savings for shareholders and continue to reduce our working capital.

We will continue to leverage our strength in technology and innovation, and our leading commercial capabilities, to ensure we remain the supplier of choice to our customers and maximize the cash generated from every business opportunity.

Base metal mines represented in the portfolio held by Ciklomen Group jointly with Mineco

In Bosnia & Herzegovina

Gross

Gross is located in Eastern Bosnia & Herzegovina. It was awarded the concession to operate Sase mine in 2005 .The mine has over 6.5 million tons of reserve producing lead and zinc ore. Gross is increasing production every year.  Employing 500 people Gross mine has made a commitment demonstrate leadership delivering to the local communities.

More on: www.gross-doo.com

Services

One of our key objectives is: ensuring efficiency of mining

Ciklomen is open to cooperation and other business opportunities where our expertise would make a contribution to improved efficiency of your company. Ciklomen Group employs a team of experienced international experts based in the field mining sites and refineries and Belgrade, Prague and Tallinn offices with a focus on Earth Systems Engineering centred specialized in mine planning and development, computer aided mine design, rock mechanics, operations research applied to the mineral industry, environment and sustainability considerations, mine mechanization, mine evaluation and finance and management.

Equipment, materials and supplies

Ciklomen Investment is offering underground mining equipment, including but not limited to loaders, dumper trucks, boomers as well as a wide range of floatation reagents, such as xanthates, zinc sulphate and others high-quality mining and metallurgy materials.