Friday, August 14, 2015

KGHM: Power supply constraints had no impact on production – Onet.pl

“20 degree power did not produce to us any harm, production was maintained. (…) We have no big production losses, or steel production we did not have to restrict” – he said at a press conference Vice President of Management Board of KGHM Polish Copper Marcin Chmielewski.

As he spoke, the introduction on Monday by national power distributor 20th grade was KGHM power “really great surprise”. It meant that ordered power of 399 MW a day, you had to “come down immediately by almost 25 per cent. To 302 MW.”

“Thanks to the successful cooperation between our power distributors, engineers who are responsible for production, were able to run our gas-steam blocks. (…) They have a combined power of two times 25 MW and we managed to recover of the lost capacity of 50 MW, “- said Chmielewski. In addition, he said, he reorganized the production of mining, including during the day they are not mined ore to the surface, trapping it underground, suspended conveyor belt, and work, and the work they performed during the night.

According to Chmielewski, gas and steam units in Polkowice and Głogów were built after blackoutach (start up current – PAP) in 2009. when four hours there was a paralysis in electricity supply, resulting existed a real threat. that life underground workers may be jeopardized.

“The former board of directors, chaired by Herbert Wirth decided that such a situation never could in the company’s history to repeat that human life was in danger, “- said Chmielewski. As he spoke, exclusion also threatened smelting, because “stopping the furnace where it is melted copper would mean that you would have to build a new steel mill.”

Construction of gas-steam units completed in the fall of 2014., and also after 2009. carried out a complete modernization of the supply mines and steelworks.

“Today the situation is such that we have doubled or tripled the power source. In each hut and each mine supply of energy from two independent suppliers, “- assured Vice-President.

According to KGHM, even in the absence of electricity supply from outside the company we are able to ensure the supply of energy for the safe evacuation of 4.5 thousand. employees of the mine to the surface.

On Thursday KGHM announced financial results for the first half 2015 revenues amounted .: zł 10.1 billion and net income of 1.2 billion zł in comparison with the corresponding period last year increased by 8 percent. According to the vice-president of the Board of KGHM on. Financial Jaroslaw Romanowski, the results after the first half of this year indicate that the outcome of KGHM at the end of the year will be comparable to 2014.

As reported by the company in the first half of this year. copper equivalent production in the KGHM Group increased by 2 percent. This change occurred both in KGHM Polish Copper SA and KGHM International, where growth is associated with higher production results in the mine Robinson. According to the company, KGHM continued cost discipline – the unit cost of copper production C1 in conditions comparable to the first half of 2014 with respect to commodity and exchange, decreased by 3 percent for the entire Group. At the same time there was also an increase in the volume of sales of copper and gold, which at the favorable exchange rate resulted in achieving higher levels of sales revenue by 5 percent compared to the same period of 2014.

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