Copper giant lands record-breaking Chile investment
PR dla Zagranicy
Peter Gentle
07.08.2014 16:17
-
NFP 14 08 07 KGHM in Sierra Gorda.mp3
Copper giant KGHM has just completed its 4.1 billion dollar Sierra Gorda investment in Chile, Poland's biggest foreign investment project to date.
Pre-stripping work begins at Sierra Gorda: photo - euroinfrastructure.eu-
Slawek Szefs reports that KGHM's purchase of Sierra Gorda is the result of a consistent policy of expanding company operations.
In March 2012 KGHM took over Canada's Quadra FNX in its first big move to include foreign production locations.
Now, the new site in the Atacama Desert has been developed from scratch.
"The deposit has typical sulphide traits. This means that besides dominating copper content, it also contains molybdenum and gold,” Herbert Wirth, KGHM’s Management Board President, told Polish Radio.