Canadian Copper to build mine in Poland

Canadian mining company Copper is planning to construct a copper mine nearby Nowa Sól (Lubuskie voivodeship), the entire investment is to be worth up to PLN 15 billion, the firm's CEO told PAP. "The investment program we have been implementing includes construction of a copper mine near Nowa Sól. This is a very ambitious plan, which will have a positive impact on Polish economy and will create thousands of jobs," Lyle Braaten said. Copper's capex (capital expenditures) is to reach PLN 15 billion in ten years period, he added. According to Braaten, some 8,00 people may be employed in the mine, and a few thousands in its surroundings. The company owns 11 exploration licenses in Poland, by now it invested here PLN 360 million.