KGHM lands PLN 4.5 - 10.9 bln deal with China Minmetals Corporation

Poland’s copper and silver mining giant KGHM has signed a framework contract with China Minmetals Corporation for the sale of copper cathodes in the years 2017-2021, the company informed in a statement. An estimated value of the agreement stands at $1.18 - 2.83 billion (PLN 4.45 - 10.95 billion), while the final value will depend on the volume of options used. KGHM, which is based in Lublin, is one of the largest producers of copper and silver in the world. In 2015, KGHM’s revenue stood at PLN 20 billion. China Minmetals Corporation is an international metals and mining corporation, with business scope covering 34 nations and regions in the world. It has 177,000 employees and controls seven listed companies in China and abroad.