KGHM plans investments worth PLN 4.25 billion

Poland’s copper and silver mining giant KGHM estimates total investment outlays of PLN 4.25 billion in 2014, including both capital expenditures and financial investment, the company said on Friday.

 

Capital expenditures will amount to PLN 2.565 billion compared to PLN 2.357 billion in 2013, KGHM said. Financial investments are planned at PLN 1.686 billion compared to PLN 380 million last year.

 

The company plans to continue work on the Sierra Gorda project in Chile and its Canadian mines. Some investments are also planned in its Polish assets.