Report of
KGHM Polska Miedź for 2019

This comprehensive presentation of our business and operating activities will bring the Parent Entity of KGHM Polska Miedź S.A. and the KGHM Polska Miedź S.A. Group, our actions and development directions closer to our stakeholders, including in particular investors, financial institutions and insurers.

Our assets

The KGHM Polska Miedź S.A. Group is a global and innovative organisation, which conducts technologically advanced exploration-mining and metallurgical activities.

KGHM Polska Miedź S.A. is present on four continents: in Europe, South America, North America and Asia, and employs more than 34 thousand people worldwide.

Operating results

Increased payable copper production (+11%), record-breaking production of silver (+18%), Group revenue growth by 11% and EBITDA growth by 5%, combined with the launch of new projects in our divisions - this is how we close the year 2019.

In 2019, KGHM Polska Miedź S.A. earned most of its revenues from domestic sales, which amounted to 25% of total revenues.

Payable copper

in the KGHM Group

702 +11% yoy [kt]

production of silver

in the KGHM Group

1417 +18% yoy [t]

Letter from the President
of the Management Board

Implementation of the 4E strategy

Elasticity (flexibility)

Adaptation of the KGHM Group operating
model to the market environment

  • Rational management of the LGOM deposit
  • Optimisation of metallurgical production
  • Exploration projects in Poland
  • Optimisation of the portfolio of international assets
  • Optimisation of the financing structure


Improved efficiency of resource utilisation
and production processes

  • Energy consumption reduction programmes
  • Replacement and availability of mine machinery
  • Innovations optimising the core production line; CuBR programme
  • Works on increasing the use of factoring


Integration of the KGHM Group around
the idea of sustainable development

  • Compliance with the BAT conclusions
  • Programme to Improve Occupational Health and Safety
  • Circular Economy Programme
  • Development of the Żelazny Most Tailings Storage Facility
  • Electromobility


Technological transformation
as part of the KGHM 4.0 Programme

  • Works on the implementation of projects as part of the KGHM 4.0 Programme
  • Implementation of projects related to automation of production in mining and metallurgical divisions

of 2019

Key production and financial
indicators in 2019

Raport 2019 KGHM

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