KGHM looking to sell two US copper assets
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Poland’s state-run mining company, KGHM, plans to sell its Robinson and Carlota copper mines in the United States and reinvest the proceeds in its domestic operations, two banking sources told Reuters.
KGHM, one of Europe’s biggest copper and silver producers, became the owner of the US mines in 2012, when it bought rival Canadian Quadra FNX.
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Copper, a highly efficient conductor of electricity and heat, is in high demand for use in renewable energy systems to generate power and in electric vehicles. New deposits are rare and increasingly difficult to recover.