The KGHM Group operates in Chile and the USA

Sierra Gorda SCM, a company within the KGHM Group, and the Spence mine, owned by the global mining group BHP, have signed a memorandum of understanding (MoU) aimed at identifying and assessing opportunities for technical and operational cooperation. The partnership is intended to enhance efficiency and competitiveness and to develop innovative solutions for modern copper mining. At the same time, in the USA, KGHM’s subsidiary – Robinson Holdings – entered into an agreement with a company specialising in the exploration of new deposits. The collaboration involves the analysis of four sites with high geological potential.

‘KGHM is consistently expanding its overseas assets, seeking new opportunities to improve operational efficiency and create value for shareholders. The collaboration between Sierra Gorda SCM and Spence demonstrates that modern mining is increasingly based on partnership, the exchange of experience and a joint search for solutions to the challenges of the future. This is an important step in strengthening Sierra Gorda’s position as one of the KGHM Group’s key assets outside Poland. On the other hand, the agreement concerning the analysis of potentially attractive geological sites shows that KGHM is consistently seeking promising mining projects’, says Anna Sobieraj-Kozakiewicz, Vice-President of the Management Board responsible for overseas assets at KGHM Polska Miedź S.A.

COOPERATION IN CHILE

The agreement was signed during the Exponor 2026 trade fair in Antofagasta – one of the most important events in the mining sector in South America. Its scope includes an analysis of potential synergies arising from the geographical proximity of the two mining sites. The parties will jointly assess opportunities for cooperation in areas such as procurement, logistics and selected operational processes. The aim of the initiative is to develop solutions that enable achieving economies of scale, improve operational efficiency and create a model for responsible and sustainable mining.

Marcelo Bustos, President of Sierra Gorda SCM, emphasised that the agreement would enable the identification of initiatives capable of delivering tangible operational benefits while maintaining the highest standards of safety and sustainability. For their part, health and safety representatives pointed out that cooperation between neighbouring mining operations could help to create lasting value for both the companies and the Antofagasta region. The memorandum is not legally binding and merely sets out the intentions of the parties. They will carry out further analysis and exchange information, assessing potential areas of cooperation in accordance with the applicable regulations and competition rules.

ROBINSON IS LOOKING FOR NEW DEPOSITS

Robinson Holdings’ subsidiary will collaborate under an agreement signed with Bronco Creek Exploration, a company specialising in the exploration of new deposits.

The agreement covers the exploration and appraisal of four exploration projects in the state of Nevada. Once certain conditions have been met (including expenditure on exploration), Robinson Holdings will be able to acquire ownership of the licences relating to the projects.

‘The four sites under consideration have high geological potential, which – with the right level of investment – could lead to the discovery of a new copper deposit’, emphasises the Vice-President of the Management Board responsible for overseas assets.

Bronco Creek Exploration is a subsidiary of Elemental Royalty Corporation, whose business model involves identifying and conducting preliminary analyses of promising projects, securing exploration licences, and then seeking partners interested in carrying out further work.

 INFORMATION ABOUT KGHM

 KGHM is one of the world’s largest producers of copper and silver. The company currently has a geographically diversified portfolio of mining projects. The company operates on three continents – in Europe, North America and South America. KGHM’s copper ore reserves ensure the company’s leading position in the mining industry. KGHM’s key overseas asset is the Sierra Gorda copper and molybdenum mine, located in the Antofagasta region of Chile. KGHM holds a 55 per cent stake in Sierra Gorda SCM, while the remaining 45 per cent is owned by the Australian company South32 Ltd.