KGHM Polska Miedź SA, Europe’s leading copper producer, is launching a comprehensive Cost Optimisation Plan aimed at strengthening its investment capabilities for future growth. The initiative focuses on enhancing operational efficiency across the company’s core business processes.
“As the Management Board, we are obliged to constantly seek opportunities for both efficiency and cost optimization. Current macroeconomic conditions, copper price levels and ongoing talks on a possible change to the copper tax formula create favorable conditions for intensifying investment activities. Our goal is to increase the resource base of domestic assets, which are the future of KGHM, in the long term,” said Andrzej Szydło, President of the Management Board of KGHM Polska Miedź SA. “In terms of employment, we will focus primarily on increasing work efficiency, and not on cost issues that are currently resolved,” he added.
The optimisation program will initially target several key areas including procurement, technological processes, waste management, and water systems, with additional focus areas to be identified during the review process.
As Europe’s largest copper producer, KGHM plays a vital role in both Poland’s economy and the European Union’s strategic raw materials sector, contributing approximately half of the EU’s copper mining output.
