KGHM agrees $120 million deal to deliver copper to China

The deal is the first phase of an agreement drawn up in July this year concerning the sale of 300,000 tonnes of cooper to China, worth $900 million, before 2010. The two companies are also conducting negotiations related to investment cooperation in a number of other markets, including mining copper in Congo. "China is the largest and the most important of our foreign clients. This contract is a milestone in our cooperation and at the same time it is clearing the path for other Polish firms willing to invest in that country," said KGHM president Wiktor Błądek. President of MINMETALS Miao Gengsu proposed establishing an association of Polish and Chinese entrepreneurs willing to support economic relations. (Rzeczpospolita, p. B4) M.M.