KGHM CEO Seeks Mine Investments in Europe, Morocco to Secure Supply and Cut Costs

Published: Apr 17, 2026 02:00

Save

The CEO of copper producer KGHM stated that the company was seeking to invest in mines in Europe and Morocco to secure ore supply near its Polish smelting base and reduce logistics costs. In addition to its domestic assets in Poland, KGHM also operates the Robinson mine in the US and holds a 55% stake in the Sierra Gorda project in Chile. Last month, the company signed a memorandum on raw material cooperation with Morocco's National Office of Hydrocarbons and Mines and Moroccan mining company Managem Group.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

50 mins ago

China's July Copper Cathode Output Drops 1.59% MoM, Faces Scrap Anode Shortage and Smelter Maintenance

[SMM Copper Cathode Production] China's copper cathode production in July recorded 1.1268 million mt, down 1.59% MoM; cumulatively, Jan–Jul production was 8.148 million mt, up 4.9% YoY, with cumulative growth of 381,000 mt. July production was 39,200 mt lower than the projected 1.166 million mt, mainly due to procurement difficulties for scrap anode plates and concentrated maintenance at smelters.

50 mins ago

1 hour ago

Fushun Sairuite Environmental Protection Technology Co., Ltd. Looks Forward to Meeting You at the 2026 SMM (3rd) South China Nonferrous Metals Annual Conference

Fushun Sairuite Environmental Protection Technology Co., Ltd. — Professional Manufacturer of Renewable Resource Sorting Equipment

1 hour ago

South Korea Raises Critical Minerals Cooperation Channel With Chile to Ministerial Level

South Korea’s Ministry of Trade, Industry and Energy announced on July 31 that it signed an MOU on the Korea-Chile Mineral Resources Partnership with the Chilean government on July 30 local time, during Korean President's official visit to Chile. The MOU expands and restructures the mineral resources cooperation MOU signed by the two countries in 2004. The existing vice-ministerial resources cooperation committee will be upgraded to a regular ministerial-level channel, while a new working-level consultation channel at the director-general level will also be established under the committee.

1 hour ago