November 13, 2015 / 12:26 PM / 2 years ago

BRIEF-Poland's KGHM to cut 2016 investment amid low copper prices

Nov 13 (Reuters) - KGHM Polska Miedz SA

* Poland’s KGHM, which is Europe’s No.2 copper producer, said on Friday it planned to limit 2016 CAPEX expenditures in the face of lower copper prices.

* “We are verifying our expenditures and we plan CAPEX reduction in 2016,” KGHM’s chief financial executive, Jaroslaw Romanowski told a news conference.

* The CFO also said that KGHM may run mining asset impairment tests before the end of this year. Further company coverage: (Reporting By Adrian Krajewski; Writing by Agnieszka Barteczko; Editing by Marcin Goclowski)

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