The company’s situation is quite different than in 2006, when for the first time included the post of chief of the copper company.
KGHM is over 20 thousand. employed. The Company conducts mining operations on three continents and now has to compete with the crisis in the metals market. That’s a lot of challenges facing the new president of the company, Krzysztof skin.
Finish foreign mining projects
One of the major challenges awaiting the new management, is the completion of projects already underway mining. For now, the company’s flagship investment – Chilean mine copper and molybdenum Sierra Gorda – generates losses, mainly by the fact that the plant is still in the start-up phase and has not reached full production capacity. It is necessary to accelerate the work. Increased production will improve because the economics of the operation of the mine.
Herbert Wirth dismissed from the post of the President of KGHM. He was replaced by Krzysztof Skin
Of course, there are questions about whether the investment in the Sierra Gorda was a good step. The current downturn in the market, “rusty metal” causes that many companies are experiencing difficulties copper. In the future, however, the Sierra Gorda could become the proverbial jewel in the crown. What’s also important Japanese partner in the project at all of Sierra Gorda is not going to give up.
On the other stage is the construction of the mine KGHM in Canada. According to the assumptions of the project Ajax, annual copper production to be established in the opencast mine will be about 109 million pounds of metal (about 49 thousand. Tonnes of copper). But this is not the end.
The bed contains a fairly large amount of gold. It is anticipated that the mine will be produced annually about 99 thousand. ounces of precious metal (less than 3 tons). Of course, before the mine starts it will take several years. Perhaps you should now turn to examine the rate of mine. When you run out of the current drought on the copper market, then we will have another production plant in the Group.
The issue of wages and crew
The new management will also have to communicate with the crew ws. Remuneration, which will be yet another big challenge. Wages in KGHM. as domestic conditions are gargantuan. It does not prevent trade unionists every year to fight for further increases.
Besides the first presidency of Christopher Leather enrolled in the company, among others, due to increase wages by 400 zł. On an annual basis, taking into account the whole load, it costs the company about two hundred and fifty million dollars. Currently KGHM like myself can not afford.
KGHM puts on a new opencast mine in Canada. He counts on copper and gold
In 2006, copper prices went up strongly, now we have a situation quite the opposite. Metal prices are down significantly. The apparent overproduction. In this situation, wage increases would not be advisable. However, unionists from KGHM has repeatedly proving its strength. Is the President of skin will become for a tough stance against unions?
In addition to increases for consideration also remain the same rules wages in KGHM. Analysts have long postulated that in KGHM greater link wages with economic results. How much the company can be ruinous affair detachment of wages from the economic reality show coal mines, which must be submitted to all Poles.
Surviving the crisis
The most important challenge for the new government KGHM may, however, prove to be to survive the current crisis in the market of nonferrous metals. Chairman of the skin and directed by him, the board must ensure that the company’s strong position in the market. You may need new marketing activities. Due to the crisis in China, consuming up to 40 percent. copper produced in the world, you may need to search for new clients as well.
It is also necessary to evaluate whether it is possible extension of the production process so as to offer higher marżowo products. President of the Board of skin is above the cylinder head.
Dariusz Malinowski
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