KGHM :
* Polish copper producer KGHM will consider further acquisitions only when profits at its current mining projects in Canada and Chile are “satisfactory” the company’s chief executive officer said on Wednesday.
* The state-run, Poland-focused company tapped foreign markets for the first time in 2011 when it bought Canada’s Quadra FNX for C$2.87 billion, the largest ever foreign acquisition by a Polish company.
* This year KGHM reported writedowns of $1.3 billion on its foreign assets due to falling metal prices, with the largest hit coming from Chilean copper mine Sierra Gorda. (Reporting by Marcin Goettig; writing by Agnieszka Barteczko; editing by Jason Neely).
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Source: Reuters.com
