November 8, 2017 / 9:19 AM / a year ago

Poland's KGHM considers $246 million loan from European Investment Bank

FILE PHOTO - A silver bar is pictured at the KGHM copper and precious metals smelter processing plant in Glogow May 10, 2013. EUTERS/Peter Andrews

WARSAW (Reuters) - Polish copper producer KGHM (KGH.WA) is considering taking a loan from the European Investment Bank (EIB) worth 900 million zlotys (187.39 million pounds) to invest in making production more effective, the company said on Tuesday evening.

The loan agreement could be signed for 12 years in Polish zloty, U.S. dollar or euro, KGHM said on Wednesday.

Reporting by Agnieszka Barteczko, editing by Louise Heavens

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