KGHM to continue developing Sierra Gorda mine

WSE-listed copper and silver producer KGHM will continue the Chilean Sierra Gorda project, said acting Treasury Minister Henryk Kowalczyk. Currently, the company is analyzing three potential scenarios for the mine, but all of them assume the continuation of the project. According to Kowalczyk, the project has “the prospects of several decades of operating activities.” The potential scenarios include: development exclusively on phase; development of the project on phase 1 together with debottlenecking; development based on phase 1 and 2. The chosen scenario should be announced along with the company’s 2016 results.