Mina Sierra Gorda Launches Expansion that Will Increase 26% Copper Production by an Investment of US$ 725 Million
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The investment will be extended for the next three years, starting in January 2027. The project will generate more than 900 jobs during the construction phase. “We have demonstrated that Chile is a reliable country,” said President José Antonio Kast. Meanwhile, Sierra Gorda’s CEO said that “this shows the confidence we have in Chile to do mining.”
The confirmed reserves of the Sierra Gorda mine in Chile amount to 1 billion tonnes of ore, and preliminary estimates of the potential reach up to 3 billion tonnes, said Anna Sobieraj-Kozakiewicz, KGHM's Vice President for International Assets.
KGHM Polska Miedź and the Australian company South32 have begun the expansion of the Sierra Gorda mine in Chile, with the cornerstone being laid on Thursday. The $725 million investment is expected to increase the plant's production capacity by one-fifth and strengthen KGHM's position in the global metals market. The cornerstone-laying ceremony brought together representatives of the Chilean authorities, the Polish government, and the management…
KGHM Polska Miedź and Australia's South32 are embarking on a $725 million expansion of the Sierra Gorda mine in Chile. The new milling line is expected to increase the plant's processing capacity by a quarter and copper production by approximately 20 percent. The investment is scheduled for completion by the end of 2029.
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G5noticiasIn the position of the first stone of investment project for US$725 million from Sierra Gorda SCM - headed by SE the President of the Republic-, the owner of Economy and Mining said that “projects of this magnitude build the bridge that we need between the current transition and the expansion cycle that we projected from 2027.”
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