RE: RE: Could it be DNT as the target?Sept. 22 (Bloomberg) -- KGHM Polska Miedz SA’s plan to add guanoproduction to its list of operations may indicate that the Polish copperproducer’s planned Latin America acquisition will be in Peru.
Shareholders will vote on Oct. 20 on a measure toadd production of the seabird manure, used as a fertilizer, to thecompany’s official list of activities, Lubin, southwestern Poland-basedKGHM said in a regulatory statement today. Chief Executive OfficerHerbert Wirth said this month the state- controlled company isnegotiating a purchase of a copper mine in Latin America and plans tocomplete the deal this year.
Peru is the world’s largest guano producer,according to an Agriculture Ministry website announcing plans toestablish a museum of the fertilizer it called “an icon” of the LatinAmerican country.
Last month Wirth said the price will account for amajority of KGHM’s 9.05 billion-zloty ($2.76 billion) acquisitionbudget.
KGHM spokesman Dariusz Wyborski didn’t answer two calls to his mobile phone seeking comment today.
--Editors: Nathaniel Espino, James M. Gomez