64 Contd from pg 60 By Gregory Reynolds Despite the present weakness in world copper prices a major produc er is optimistic about the base metal s future KGHM International Ltd formerly bury Ontario mines is a wholly owned subsidiary of KGHM Polska Herbert W i rth president of the man agement board of KGHM Polska said on Jan27 that the copper market which KGHM has been active on for Our strategic priority in the years duction of one million tonnes of cop per equivalent and become the sev enth lar gest copper producer in the world KGHM pushes Sudbury copper nickel pr oject as has faith in futur e of copper T o achieve this goal we are engaged in the lar gest investment program in volving copper mining projects in the history of KGHM as well as the lar g est exploration campaign in Poland s history This will enable us to gain access to some of the lar gest copper deposits in the world and will be accompanied by enhanced mining and geological knowhow at all levels of manage ment and production W e also want to be a global leader in terms of mining innovation and with in 25 years we intend to implement an intelligent mine program he said months from over US330 a pound to the US250 area KGHM has two operating coper nick el mines in Sudbury the Morrison W e st and is work ing towards bring ing its copper nick el V ictoria Project into production It also is advancing the Ajax copper gold project in Brit In 2002 KGHM International ac quired the mineral rights to the V ic toria property and initiated an explo ration program Environmental and engineering work and consultation with First Nation communities have progressed and project permitting is under way When all regula tory requirements are met the project will enter the Advanced Exploration stage which entails development of surface and under ground infrastructure to per mit detailed under ground drilling for a feasibility study The results of the feasibility study will determine whether the project is developed into a producing under ground mine The original Levack copper nickel mine was discovered in 1887 with years of operation the mine was closed in 1997 and put under care and maintenance KGHM acquired the Levack property in March 2002 and commercial pro duction began in January 2007 Levack property resulted in the dis covery of the Morrison Deposit in February 2005 Nickel mining in the old Levack Mine workings was halted in late 2009 while mining of the high grade Morrison Deposit continues Access and mining operations on the Morrison Deposit are now carried out Glencore developed by Inco in 1970 and oper ated until 1998 when it was closed W e st in 2002 Exploration ef forts on the property resulted in the discovery of the contact nickel Inter Main De posit in 2002 which has been in pro duction since 2003 In 2005 the Sudbury mining camp s inum group deposit with standalone infrastructure was brought into pro duction pended at the end of 2008 due to low commodity prices while copper Contd on pg 63