KGHM subtly shifts from mining to energy

KGHM will not use the pre-emptive right to purchase shares in Sierra Gorda and is ready to cooperate with new partners in this investment, said KGHM President Marcin Chludziński. As he added, KGHM is now focusing, among others, on on investments in the field of energy.

KGHM announced in a press release that it will not exercise its pre-emptive right to purchase shares in the Sierra Gorda SCM joint venture owned by Sumitomo Metal Mining and Sumitomo Corporation, and the decision is in line with the group’s current strategy and will enable the implementation of other strategic development projects and investment challenges.

“We have strategic projects ahead of us, primarily in the field of energy. Small nuclear reactors and renewable energy projects are our key tasks for the coming years. We will achieve energy independence by 2030. That is why we focus on our assets and on significantly increasing their efficiency. Also on the development of the resource base in Poland. In line with the current strategy, we care for the long-term, but safe growth of the company “, said Chludziński.

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