KGHM Polska Miedź S.A.’s strategy

EBITDA at a level of PLN 7 billion in 2021 and the Group’s EBITDA margin above 20% in 2017-2021

Main strategies


The strategy is aimed at the effective management of resource-related projects. Investments and capital expenditures in the KGHM Polska Miedź Group for 2017-2021 have been planned at the level of PLN 15 billion, of which more than PLN 9.7 billion in KGHM Polska Miedź S.A. alone.


The strategy assumes the achievement of an average annual Cu production volume (Cu ore yield) of about 470 thousand tons in Poland and the average annual production of payable Cu abroad at the level of 145 thousand tons for the period 2017-2021. One of the main priorities is to ensure a broad scope of safety in work, environment and energy.


The strategy’s aim is to implement system-based solutions designed to increase the value of the KGHM Polska Miedź Group by devising tailor-made organizational processes, with a view to improving the efficiency and effectiveness of the supply chain.

Strategie wspierające


The strategy is aimed to further enhance the positive image of the KGHM Polska Miedź Group and to develop proper relations with the community (stakeholders).


The strategy is oriented towards productivity growth in the KGHM Polska Miedź Group. This will make it possible to maintain the long-term economic effects of the Company’s business activity.


The strategy envisages solutions aimed at ensuring financial stability, supporting development and effectiveness and increasing resilience to adverse market conditions. The strategy is designed to ensure the financial security of the Group.

All the main and supporting strategies are interwoven and have a joint goal to achieve the priority strategic objectives. The priority strategic objectives of KGHM Polska Miedź S.A. include the following:
  • EBITDA of PLN 7 billion in 2021;
  • EBITDA margin of the Group on average exceeding 20% in 2017–2021;
  • CAPEX of PLN 15 billion in 2017-2021 - total investments and capital expenditures in the Group in Poland and abroad;
  • Operation in accordance with the sustainable development concept for the purpose of harmonizing the joint expectations of stakeholders in terms of the achievement of economic, social and environmental objectives;
  • Stable average annual production from domestic and international assets with costs guaranteeing financial security;
  • Focus on innovative solutions with a view to improving productivity;
  • Ensuring production maturity with a view to maximizing revenues and rates of return on international investments;

Using the potential of the KGHM Polska Miedź Group’s Companies.

In a long-term perspective, we aim at maintaining a stable level of production from domestic and international assets while ensuring safe working conditions and minimizing the burden on the environment and surroundings. As opposed to previous years’ trends, the economic growth paradigm has been replaced by sustainable development. Therefore, in a long-term perspective, the Company will endeavour to create a sustainable system to be understood as the preservation of natural resources and their optimal and effective use in a rational manner, so that they can be handed over to the next generations.

The activities of KGHM Polska Miedź S.A. are based on business practices worked out by it, which ensure growth in the Company’s value while taking into account the community’s needs. Additionally, the Company will keep identifying potential investment areas, which will enable diversify cation measures to be implemented as far as possible from the financial point of view

PDF Version

Download Integrated Report 2017