KGHM Starts Copper Output in Chile After Record Takeover
This article is for subscribers only.
KGHM Polska Miedz SA, the copper producer with the largest European output, began production in its Chilean mine, acquired two years ago as part of a record Polish takeover transaction abroad.
The Sierra Gorda mine will operate at full capacity at the start of 2015 and will produce 120,000 tons of copper a year, the Lubin, Poland-based company said in a regulatory statement today. KGHM will also produce 50 million pounds of molybdenum, used to toughen stainless steel, and 60,000 ounces of gold annually in the mine.