Montecargo to ship iron ore for HBIS Group Serbia

Montenegro's transport firm Montecargo has struck a deal with HBIS Group Serbia - the owner of the Smederevo steel mill - that will see it ship 30,000 t of iron ore for the Chinese-owned company.

22 Avgust 2019 18:23

PODGORICA - Montenegro's transport firm Montecargo has struck a deal with HBIS Group Serbia - the owner of the Smederevo steel mill - that will see it ship 30,000 t of iron ore for the Chinese-owned company.

"Transport of 120,000 t of ore for the company, which is backed by Chinese capital, can be expected next year, from which Montecargo can expect revenues of 1.1 mln euros," Montecargo CEO Muradif Grbovic has said according to B92.net, which quoted reports by Montenegrin media.

The portal also said Montecargo had shipped 19,010 Serbian-made Fiat cars to Montenegro's Port of Bar in 2019.


Photo: Tanjug/S.Radovanovic, file

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