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Conflicting claims over KGHM Congo project

A few days ago a team that was sent by copper conglomerate KGHM to look into investing in the Congo returned to Poland. "We are preparing a feasibility study and have found companies willing to participate in the investment," said Jerzy Dobrzański, a KGHM director. The company tried to enter the Congo market back in 1997, but the project was badly executed and the concern incurred substantial losses. At the beginning of the year, the Congo Mining Ministry granted KGHM permission to try again. However, Puls Biznesu has uncovered a document sent to KGHM from Congo-based company Sodimico, in which the latter claims, "We sadly must say that that there has been no advance in the investment over the last six and half months". Despite that, the supervisory board of KGHM will analyze the proposed investment over the coming weeks. (Puls Biznesu, pp. 1, 6) M.M.

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