Judgment of the Supreme Court of Chile concerning the environmental permits for the Sierra Gorda project

Tuesday, 05 August, 2014
Current report no. 25/2014

The Management Board of KGHM Polska Miedź S.A. announces that the Supreme Court of Chile issued a final and favorable judgment dated 4th August 2014 in a case concerning compliance with environmental laws to transport copper concentrate from Sierra Gorda to the Port of Antofagasta.

The Supreme Court’s judgment recognized that the Sierra Gorda project has been permitted in compliance with Chilean environmental laws.

Sierra Gorda SCM is coordinating with the logistics partners, ATI and FCAB, to finalize the construction of a dedicated world-class warehouse and loading facilities to transport copper concentrate via the Port of Antofagasta. The Company has also prepared a short term transport-related contingency plan to ensure all concentrate production can be delivered to the customers.

The Management Board of KGHM Polska Miedź S.A. reaffirms the Company’s long-term commitment to the investment in Chile and the Antofagasta Region, ensuring that the Sierra Gorda operation will be an important community contributor to the development of the Region and the country as a whole. Since the start of the Sierra Gorda project the Company has made every effort to ensure that the project meets the highest Chilean and world-class standards and it will continue to do so.

 

 

Legal basis: art. 56 sec. 1 point 1 of the Act dated 29 July 2005 on public offerings and conditions governing the introduction of financial instruments to organized trading, and on public companies (unified text: Journal of Laws 2013.1382).