KGHM, a Polish mining company, is currently engaged in optimizing its foreign portfolio amidst a growing demand for copper. The company operates on three continents, with active mining operations in the United States and Chile, as well as developmental projects such as Project Victoria in Ontario, Canada. As the market for copper expands, KGHM is continually adjusting its asset portfolio to boost production and meet this demand.

One of KGHM's most notable overseas projects is the Sierra Gorda mine in Chile, which is being developed in partnership with the Australian mining company South32. They are currently considering whether to build a fourth milling line at Sierra Gorda, with ongoing technical and business analyses aimed at determining the viability and potential direction of the expansion. The decision is crucial as it aligns with the company's strategy to enhance its mining output and capitalize on market opportunities.

Moreover, KGHM is exploring various other mining development projects alongside the milling expansion considerations in Chile. The company expects to finalize its detailed financial and technical assessments in the first or second quarter of the upcoming year, which will serve as a foundation for their operational decisions moving forward. The optimization of their foreign portfolio is indicative of KGHM's proactive approach in the global copper market, aiming to leverage the increasing demand effectively.