Mission and vision of the organisation


We believe that copper and the other minerals that we provide to our customers on every continent are, and will remain, critical for the development of all sectors in the foreseeable future. For this reason, our mission is “To Always Have Copper” with the vision “To use our resources efficiently to become the leader in sustainable development”.

The principle of running our business based on the sustainable development concept and of being a leader in this respect has numerous consequences. The considerable scale and the multi-faceted nature of our business and the long history of the Group Produce a great sense of responsibility for the rational and sustainable utilisation of our resources and for the Group’s enormous impact on its environment, both social and natural.

To always have copper

To use our resources efficiently to become the leader in sustainable development

Strategy of KGHM Polska Miedź S.A. – bold projects in the context of global economic challenges

Until the end of 2021 the Company advanced the „Strategy of KGHM Polska Miedź S.A. for the years 2019-2023” which was approved on 19 December 2018. The Strategy was based on the so-called 4E, four development directions (Elasticity/flexibility, Efficiency, Ecology and E-industry) arising f rom global market trends. The aforementioned directions were reflected in six identified strategic areas, with individualised and measurable main goals – as shown by the chart below:

Strategic areas and core objectives of the KGHM Polska Miedź S.A. strategy for 2019-2023

To date, advancement of the Strategy of KGHM Polska Miedź S.A. for the years 2019-2023 enabled the KGHM Group to take advantage of macroeconomic trends to increase the scale of its operations and to improve its production results and financial condition. Due to the rapid changes which took place during this time in the general environment, a review was carried out and the adopted strategic assumptions were updated. The justification for this review and redefinition was concurrent with the extraordinary market situation resulting from the coronavirus epidemic.

On 14 January 2022 the Company’s Supervisory Board approved the „Strategy of the KGHM Polska Miedź S.A. Group to the year 2030 with an outlook to 2040” as presented by the Management Board. This is the Company’s current binding Strategy, reflecting the macroeconomic environment and the geopolitical situation affecting the mining sector. In the activities planned a particular place is held by the green transformation through renewable energy and modern technology. The updated Strategy does not alter the Company’s current approach to its business activities. KGHM continues to act responsibly and to think longterm about the Company’s future.

Approval of the „Strategy of the KGHM Polska Miedź S.A. Group to the year 2030 with an outlook to 2040”

The Company’s mission and vision remain unchanged and the goals of the Strategy are ambitious, but attainable. The previous four strategic development directions were updated to reflect changes in the environment and a fifth element, Energy, was added. This is shown in the chart below:

Mission, vision and development directions of the strategy of KGHM Polska Miedź S.A.

This „5E” Strategy is now comprised of 5 pillars (Core business, New activities, Supporting activities, Health, Prosociality), based on 5 updated development directions, as presented in the chart below.

5 pillars based on 5 updated development directions in the strategy of KGHM Polska Miedź S.A.

The pillars have been assigned individualised main goals as well as key performance indicators, as follows:

  • Advanced technology and R&D creating an intelligent production line.
  • Optimisation of mine production domestically and abroad ensuring long-term operational continuity.
  • Leadership in the development of low-emissions mining capacity as regards new metals and minerals deposits in Poland.
  • Development of metallurgy utilising efficient processing based on Circular Economy principles.

Main goal Goals for 2030:
Strengthen the position of the KGHM Polska Miedź S.A. Group as a global player in the mining and metallurgy sector
  • Domestic copper production – approx. 600 thousand tonnes of electrolytic copper (including production based on a higher amount of purchased materials and copper from recycling).
  • International copper production – higher production by the international assets of KGHM by extending their life-of-mine, developing assets in the mine projects portfolio held and increasing the resource base thanks to advancement of the International Exploration Strategy.
  • Silver production – maintain the position amongst the world’s topthree producers of silver (approx. 1200 tonnes of silver annually).
  • Profitability – 10.2% (Average ROCE (return on capital employed) from the last 3 years.
  • Cost competitiveness – 3rd decile.
  • To be one of the leading, environmentally-friendly electricity producers, supporting Poland’s energy transformation.
  • Expansion along the value chain by developing the production of new products from copper and other metals (including initiating relationships with partners in Poland and abroad).

Main goal Goals for 2030:
Diversification and aiming at sustainable development by building internal generation capacity from low-emission sources
  • Energy produced – min. 50% of consumption.
  • A reduction in estimated CO₂e emissions resulting from electricity consumed – 1.0 million tonnes of CO₂e.
  • Diversification of the commercial offer in terms of metals (increase in share of new half-finished copper products and highly processed copper products (Cu-OFE wire, Cu-OFE granules) and other metals in the total sales of the Group) – 10%.
  • To be a major supplier of Smart Mining solutions for products and services sold in Poland and globally.
  • Ensure the financial stability of the KGHM Polska Miedź S.A. Group and implement systemic solutions aimed at enhancing its value.

Main goal Goals for 2030:
Redefine the way that existing assets supporting the core business are utilised
  • Recycling of scrap – approx. 350 thousand tonnes of copper scrap.
  • Revenues from sales on foreign markets of selected Group companies – using 2020 as the base year = 100%: an increase by 2030 of 147% versus the base year for the companies KGHM Zanam S.A., Nitroerg S.A. and PeBeKa S.A., and 163% versus the base year for the company DMC Mining Services Ltd.
  • Development of activities promoting health and health resorts (spas) as a contribution to extending the length and quality of life for citizens.

Main goal Goals for 2030:
Development of the spa assets held as a contribution to extending the length and quality of life for society as a whole
  • LTIFR – the goal of 0 accidents.
  • TRIR – the goal of 0 accidents.
  • Level of support for the area of Health carried out by the KGHM Polska Miedź Foundation – approx. PLN 7 million.
  • Growth based on the idea of sustainable development and safety.

Main goal Goals for 2030:
Growth based on the idea of sustainable development and safety
  • Support for the fair transformation of the mining sector.
  • Number of volunteer projects advanced – 30.
  • Level of support for the arts, sport and health approx. PLN 48 million.

The Strategy of the Group to the year 2030 also includes climate-related goals as respects reducing CO₂ emissions by KGHM which are consistent with the Climate Policy of KGHM Polska Miedź S.A. – being a complementary document to the Strategy – as well as climate goals for the years 2030 and 2050.

Information on the KGHM Polska Miedź S.A.’s strategy is presented on our website in Strategy tab.

In 2021, we continued our policy relating to the development directions for the KGHM Polska Miedź S.A. Group. Further action was also taken to centralize and unify some of the business functions within the Group (transferring some functions from KGHM International to the Head Office of KGHM). In terms of the domestic companies, development policy was also aimed at cooperation between the Group’s entities and at eliminating overlapping areas of competence in terms of individual entities.

With respect to implementation of the Strategy, in the case of the international companies of the Group, KGHM conducted activities to develop unified reporting principles, coherent internal regulations, and standardised solutions with respect to individual functional areas of the international entities.

In the case of the companies in Poland, the primary development goal was to ensure continuity and safe working conditions in the core business of KGHM Polska Miedź S.A. and at integrating the KGHM Group around the idea of sustainable development, including the implementation of development initiatives under the Circular Economy aimed at limiting the environmental footprint.

As regards the Group’s international companies, a variety of reorganisational actions were undertaken aimed at integration of KGHM International in Canada with the Company’s activities in Poland and the transfer of some of the business functions of KGHM International to Poland. In 2021, these actions were continued, mainly in terms of developing uniform internal regulations, procedures and the standardisation of solutions in individual areas of the Company’s activities. In addition, internal actions were undertaken aimed at advancing development scenarios for individual international assets in the Company’s portfolio.

Even though the Company currently has in place the “Strategy of the KGHM Polska Miedź S.A. Group to the year 2030 with an outlook to 2040” (adopted in January 2022), in 2021 it carried out activities under the Strategy for 2019-2023. Referring to the development directions set forth in the Strategy 2019-2023, the focus of investment activities and research and development activities is on projects leading to the improvement of efficiency in the core production business. The investment policy of KGHM Polska Miedź S.A. is based on advancing the Company’s five-year investment plan, enabling execution of the long-term production plan.


In 2021 the Company launched and continued to advance key mining and metallurgical investments, such as:

  • the Deposit Access Program (Deep Głogów along with access and development tunnels),
  • development of the Żelazny Most Tailings Storage Facility (the Southern Quarter and the Tailings Segregation and Compacting Station),
  • investment projects supporting drainage of the mines,
  • investment projects adapting the metallurgical installations to BAT conclusions for the nonferrous metals industry and to restrict emissions of arsenic (BAT-As),
  • projects optimizing the utilization of the Legnica Copper Smelter and Refinery’s production capacity (using the existing infrastructure and expanding it to increase its processing of scrap),
  • investment projects to modernize the electrorefining sections in the smelters/refineries.

The Company also continued other research and development activities, among others: it carried out the CuBR program (under which a total of 25 R&D projects were launched), continued the Implementation Doctorates Program for KGHM employees and continued the work on testing battery-powered mining machinery. In 2021, it also continue the implementation of co-funded research projects and prepared applications for co-funding under the Horizon Europe Programmes, KIC Raw Materials (Knowledge and Innovation Communities Consortium), the National Fund for Environmental Protection and under European Funds for a Modern Economy. In addition, with respect to development of the domestic resource base, the Company conducted further exploration work under the existing concessions for deposit prospecting and exploration.

The directions adopted also include the advancement of actions under the circular economy concept. Additionally the Company continues to engage in the work on new smart technologies and production management systems based on online communication between elements of the production process and advanced data analysis, in accordance with the assumptions for the KGHM 4.0 Strategic Program.

The Company is also intensifying actions aimed at improving energy efficiency through investments in its own generating capacity, in particular in lowand zero-emission sources. KGHM aspires to be a leader of energy transition, which is why its plans include projects in the area of photovoltaic power, on-shore and off-shore wind power, the application of hydrogen, or small modular reactors (SMR). The Company’s ambition in the new Strategy is to diversify energy sources and self-produce power, among others from renewable sources (RES).

The key achievements in 2021 with respect to strategic tasks being implemented in individual areas of the Strategy are described in the “Management Board’s Report on the activities of KGHM Polska Miedź S.A. and the KGHM Polska Miedź S.A. Group in 2021”, which is available on the Company’s website.

Best practice

KGHM is a member of a sector agreement for the development of off-shore wind power in Poland

In September 2021, ministers, representatives of business and local governments signed a sector agreement for the development of off-shore wind power in Poland at the Ministry of Climate and Environment. KGHM is one of the signatories of this document.

Andrzej Kensbok, Vice President of the Management Board (Finance), took part in the ceremony of signing the agreement.

“Off-shore wind power opens many opportunities in our country. KGHM wants to be a leader in energy transition and is already planning projects related to wind energy, utilisation of hydrogen or SMR technologies. The agreement provides an additional impulse for action and will improve the competitiveness of the Polish economy,” said Andrzej Kensbok.

The agreement assumes that the signatories will cooperate closely to support the development of the off-shore wind power sector in Poland. They recognise the technology as economically competitive and as a key element of Poland’s economic transformation. New investment projects undertaken under the agreement will create jobs and support national and local businesses from the manufacturing and service sector.

Search results