The main objective of the Strategy is to achieve total annual production capacity above 1 million tonnes of copper equivalent
as well as the continuous improvement of operational mining efficiency.
Continuous development as well as the early accomplishment of key projects under the existing strategy led to a situation where, in January 2015, the new 2015-2020 Strategy was approved, with an outlook to 2040. International expansion to date has enabled the Company to join the global community of copper producers and to reach an output of copper equivalent of 661 thousand tonnes per year.
Further development of technology and optimal asset management will create an opportunity for KGHM to take its place amongst the top seven global copper producers. By the same token KGHM will consistently improve its value for its shareholders.
The main objective of the Strategy is to achieve total annual production capacity above 1 million tonnes of copper equivalent as well as the continuous improvement of operational mining efficiency.
To achieve this goal, KGHM will carry out the largest ever investment plan in the Company’s history and the largest ever exploratory campaign in Poland. The Company will also become a global leader in the area of mining safety and innovations, through implementation of the Intelligent Mine Project. The new Strategy is based on three main pillars.
KGHM Polska Miedź S.A. Strategy Pillars for the years 2015-2020
Strategic objectives
- To exceed the output of 1 million tonnes of copper equivalent
- Reduction of C1 mining costs by 10%
- An increase in the Company’s EBITDA by 70%
- A copper replacement ratio of 3:1
- Execution of the investment plan worth PLN 27 billion
- Maintenance of Net Debt – EBIDTA ratio at a level of between 1-2