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Kghm To Go Ahead With $2bn Expansion Of Sierra Gorda Copper Mine In Chile

by juniorminingnews.com posted 11months ago 99 views
By Cecilia Jamasmie Polish miner KGHM (WSE:KGH), Europe’s second-largest copper producer, was given Monday environmental approval for a $2 billion expansion and upgrade of its flagship Sierra Gorda mine in northern Chile, 60 km south-west of the town of Calama. The state-controlled company grabbed the copper and molybdenum project in 2012, after completing the acquisition of Canadian rival Quadra FNX, in what was the largest-ever foreign acquisition by a Polish company. Upgrades are expected to extend the mine’s life by 21 years.

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