Ajax is owned by Poland-based KGHM (80 per cent) and Vancouver-based Abacus Mining and Exploration Corp. (20 per cent), “We decided that the smaller mines do not fit in our portfolio. It seems that now is an ideal time to sell,” Pawel Gruza, KGHM’’s vice-president in charge of foreign assets, said in a news conference, as reported by Reuters. The company plans to reinvest the proceeds in its domestic operations in Poland. KGHM, among the world’s largest copper and silver producers, has mining operations in Europe, North America and South America. With over 38 million tonnes of copper ore resources worldwide, is one of the world’s biggest copper and silver producers. The Polish government owns 32 per cent of KGHM.