KGHM to build copper smelters abroad

WSE-listed, state-owned copper and silver giant KGHM is interested in becoming a general contractor in a foreign copper smelter project, the company’s CEO Radosław Domagalski-Łabędzki announced. “If we manage to win a contract for becoming a general contractor, then we would certainly be interested, as we have such knowledge, appropriate know-how,” the Domagalski-Łabędzki said. KGHM is interested in the general contractor role, as it offers best margins. Back in mid-June, Dziennik Gazeta Polska daily reported that KGHM is interested in such projects in Indonesia and Saudi Arabia worth PLN 6-8 billion each.