KGHM Polska Miedz SA GPW:KGH:

  • TO INVEST IN FOURTH GRINDING LINE AT SIERRA GORDA MINE WITH SOUTH32

  • PROJECT TO INCREASE TOTAL SIERRA GORDA PROCESSING CAPACITY FROM ABOUT 48 MILLION TO ABOUT 60 MILLION TONS OF ORE PER YEAR

  • TOTAL CAPEX ESTIMATED AT ABOUT $725 MILLION

  • EXPANSION TO INCREASE TOTAL SIERRA GORDA AVERAGE ANNUAL COPPER PRODUCTION BY ABOUT 20%

  • EXPECTS PROJECT TO REACH FULL CAPACITY IN SECOND HALF OF 2030

  • SIERRA GORDA OPERATES AS A JOINT VENTURE WITH KGHM HOLDING A 55% STAKE AND SOUTH32 HOLDING 45%

Source: https://tinyurl.com/vcfukv6t