KGHM to build copper mine in British Columbia - report
October 29, 2013
Polish copper giant KGHM will launch its Afton-Ajax deposit in British Columbia in 2016 at the earliest as it expects to receive all necessary permits in 2014 and it needs two years to build the mine, the daily Parkiet reports.
At present, KGHM is in the process of gaining an environmental consent for the investment from local authorities. Procedures are expected to last long as the company is analyzing alternative locations for parts of the plant in order to limit the impact of the investment on inhabitants of Kamloops town, who postulate running a referendum on the investment.
KGHM's investment outlays for the construction of the mine were estimated at some USD 795 million.