KGHM wishes to invest $10 million in The Republic of Congo

Copper and silver mining concern, KGHM, wants to return to The Republic of Congo and is planning to invest $10 million in the region. Under the new development project presented by the KGHM board of directors to the company's supervisory board yesterday, the company would construct a new installation for processing ore worth around $10 million. "We have weighed the Congolese investment very carefully, taking into account four different scenarios. Each of them was assessed later by renowned experts specializing in investment risk assessment. Having analyzed the entire Kimpe project [in the Congo], everyone opted to return there," said KGHM spokesperson Stanisław Speczik. Prior to the investment, KGHM will cede part of its rights to exploit the Kimpe lode, to KGHM Congo. The investment should yield the first profit in five years. (Parkiet, p.4) J.K.