Expansion of KGHM's mine in Chile could cost up to $2 bln
12:59
Initial estimates suggests that the expansion of the Sierra Gorda mine site in Chile might cost between $1.5 billion and $2 billion, Derek White, CEO of KGHM International, told the Bloomberg agency.
White also said that KGHM's aim is to have 50 percent of its EBITDA coming from foreign assets in 2020. In his opinion, the expansion of the Sierra Gorda mine and Canada-based projects would allow to reach the target.
Jarosław Romanowski, deputy CEO at KGHM, informed earlier that the company's EBITDA should stand at nearly PLN 9 billion in 2020.
