Poland’s state-controlled copper miner KGHM wants to explore for copper in Laos and is looking for partners to jointly buy an open-pit mine in Chile and Peru, its deputy chief executive told daily Puls Biznesu.
“We are looking for nuggets, or very rich deposits and those can be found in Laos,” Herbert Wirth was quoted as saying. “We are currently in talks with mining ministry there about gaining exploration rights in this country.” Wirth said the mine in Chile and Peru has deposits of 1.3 billion tons of proven copper ore.
KGHM, which boasts the largest European copper output, mines copper from its deposits in south-western Poland. A previous foray abroad, in Congo, cost the company around $40 million in losses. (Reuters)