KGHM Will Operate Sierra Gorda Mine With South32


Sumitomo transfers its stake in the Sierra Gorda mine to South32 Ltd. (Photo: KGHM)
As of February 22, KGHM has a new partner in Sierra Gorda SCM. Following the sale, all of the shares held in this Chilean mine by Sumitomo Metal Mining Co. Ltd. and Sumitomo Corp., will be transferred to the Australian mining group South32.

“Sierra Gorda is a demanding and at the same time extremely satisfying project,” said Marcin Chludzinski, president of KGHM Polska Miedz. “We have been exerting tremendous efforts and focusing our attention to reverse a multiyear trend and achieve the desired effect.”

For the first time, positive cash flow has moved from overseas to Poland, Chludzinski said. “We achieved this thanks to a change in management style and consistency in implementation of corrective solutions,” he added.

As featured in Womp 2022 Vol 03 - www.womp-int.com