KGHM spent $4 bln on Sierra Gorda mine
WSE-listed copper and silver giant KGHM has spent $4.156 billion on the launch of its Sierra Gorda mine in Chile, company’s CEO Hebert With said. KGHM initially earmarked $2.9 billion for the project....
View ArticleKGHM with favorable court ruling in Chile
The Supreme Court of Chile has issued a ruling favorable for Polish copper giant KGHM in a case regarding environmental law, the Polish company said in a statement on Tuesday. “The Supreme Court of...
View ArticleKGHM eyeing phase II copper project in Chile
KGHM and partner Sumitomo are considering the start of their second-phase project at the Sierra Gorda mine in Chile. After the initiation of phase II, the mine may surpass its 220,000 ton planned...
View ArticleKGHM exploring in the vicinity of Sierra Gorda
The world’s largest silver mining company and copper mining leader KGHM is exploring sites around the vicinity of Sierra Gorda, Chile. The new deposits are within 10 km of the current project and could...
View ArticleSierra Gorda commercial launch delayed
Commercial production at the Sierra Gorda copper mine in Chile, managed by Polish KGHM and Japanese Sumitomo, will be delayed by two or three months, Yoshiaki Nakazato, CEO Sumitomo Metal Mining, was...
View ArticleExpansion of KGHM’s mine in Chile could cost up to $2 bln
Initial estimates suggests that the expansion of the Sierra Gorda mine site in Chile might cost between $1.5 billion and $2 billion, Derek White, CEO of KGHM International, told the Bloomberg agency....
View ArticleSierra Gorda commercial launch in Q2/Q3
WSE-listed copper and silver giant KGHM expects to launch commercial production at Sierra Gorda mine in Chile at the turn of Q2 and Q3 of 2015, said Jarosław Romanowski, CFO of the company. “We will be...
View ArticleKGHM to decide about expanding mine in Chile next year
Poland’s largest copper miner KGHM said on Friday it will decide at the beginning of the next year about the potential second stage of exploration at its Chilean mine Sierra Gorda, the biggest KGHM’s...
View ArticleKGHM launches commercial production at Sierra Gorda
Polish state-controlled company and one of the world’s largest copper producers KGHM has started commercial production at Sierra Gorda mine located in Chile, a press release read. The copper plant has...
View ArticleState Treasury questions KGHM’s investment in Chile
Poland’s State Treasury wants copper and silver miner KGHM to diversify its business and is has doubts about its venture in Chile, Sierra Gorda, the Polish Press Agency (PAP) reported. Dawid...
View ArticleGovernment considers KGHM pullout from Chile
The government is considering the withdrawal of the state-controlled company KGHM from a copper mine in Chile. The PLN 11 billion investment, made in 2012, was the largest foreign acquisition in the...
View ArticleKGHM to continue developing Sierra Gorda mine
WSE-listed copper and silver producer KGHM will continue the Chilean Sierra Gorda project, said acting Treasury Minister Henryk Kowalczyk. Currently, the company is analyzing three potential scenarios...
View ArticleKGHM with $1.242 bln in impairments against foreign assets
WSE-listed silver and copper producer KGHM will write $1.242 billion in impairments including tax impact against foreign assets, including $1.03 billion for its Chilean mining operations in Sierra...
View ArticleKGHM committed to Chile for long-term – CEO
WSE-listed state-owned copper and silver giant KGHM will not abandon its Chilean investment in Sierra Gorda, despite a PLN 4.33 billion write-off on the project last year. “We want to be here. Our...
View ArticleKGHM abandons stage II Sierra Gorda development
WSE-listed copper and silver producer will not be seeking to continue the second phase of development of its Chilean Sierra Gorda copper mine. “In current macroeconomic situation, the further...
View ArticleKGHM changes Sierra Gorda financing to corporate credit
WSE-listed, state-owned copper and silver giant KGHM has changed the financing model of its Chilean mine in Sierra Gorda to corporate credit from project finance, KGHM said in a market filing. “The...
View ArticleKGHM expects positive financial flows from Sierra Gorda in 2-3 years
WSE-listed copper and silver giant KGHM expects that its Chilean Sierra Gorda mine will be generating positive financial flows within the next 2-3 years, company’s CEO Radosław Domagalski-Łabędzki...
View ArticleSierra Gorda to be profitable in 3-4 years – KGHM CEO
WSE-listed, state-run copper and silver giant KGHM’s Chilean copper mine in Sierra Gorda could be profitable in 3-4 years, company’s CEO Radosław Domagalski said. “We have much better control of the...
View ArticleKGHM hopes to increase Sierra Gorda output. Might ‘permanently freeze’ its...
WSE-listed copper and silver giant KGHM is considering “permanently freezing” its copper and gold mining Ajax project in Canada after local authorities said it will not issue environmental...
View ArticleKGHM plans to increase production at Sierra Gorda
WSE-listed silver and copper giant KGHM expects daily copper ore output at its Chilean mine Sierra Gorda to increase by 18 percent next year from current levels to reach 130k metric tons. KGHM will...
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