Chilean mine project ready for production

KGHM is banking on its Chilean mine, Sierra Gorda, to start operating in June. The mine is to become the Polish copper giant’s chief endeavor within the next five years. It is considered to be one of the world’s largest copper mining projects.

According to a Bloomberg Businessweek interview with Herbert Wirth, KGHM’s CEO, the mine should be commissioned for work at the end of June. Further, Wirth speculated on launching an IPO on a commodities market. He named Toronto and London as two possible commodities exchanges that KGHM International might be interested in. KGHM International is the foreign asset branch of KGHM Polska Miedź S.A.