Djukanovic was a shareholder of Ranin Ltd., a company registered in Malta in 2012, the year Djukanovic’s brother was most recently re-elected prime minister. According to Serbian media reports, Ranin owns Serbian Nickel, a mining company that, in 2012, sought to invest about $1.4 billion in the country’s nickel deposits, causing protests in Serbia concerning the health risks of nickel “exploitation.” According to Malta registry files from 2012 and 2015, more than 90 percent of Ranin’s business interests were “outside Malta.” In October 2015, Djukanovic sold her half of Ranin shares to Serbian Nickel’s chief executive Radomir Vukcevic, who replaced her as company director. At present he remains the sole shareholder, according to Malta registry files.
The documents also show that Djukanovic and Vukcevic were also directors of Ruukki International Ltd., a Maltese subsidiary of a Finnish company that specializes in mining and mineral processing. In October 2017, the company was listed as closed in Malta.
Djukanovic said she was part of Ranin’s “founding and managerial structure” for a short period of time after its establishment and that the company and its affiliates didn’t realize any profits because they didn’t meet the necessary conditions to start their activities.
She did not respond to specific questions on Ruukki International.
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