Polish KGHM eyes bid for Canadian mining rival in November

Thu Oct 20, 2011 8:26am EDT
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LUBIN, Poland (Reuters) - Poland's copper miner KGHM KGHM.WA expects to bid for a Canadian mining company at beginning of November, KGHM's Chief Executive Herbert Wirth told reporters on Thursday.

Wirth added KGHM will finance the takeover with its own cash.

(Reporting by Wojciech Zurawski, writng by Patryk Wasilewski)

<p>Herbert Wirth, CEO of KGHM, speaks during the presentation of the company's results at the Warsaw Stock Exchange, August 13, 2010. REUTERS/Kacper Pempel</p>