Profil:
KGHM Polska Miedź SAKGHM copper and Polish ministries in talks on changes to so-called copper tax
Listed copper producer KGHM is in talks with Poland's Ministry of Finance and Ministry of State Assets on implementing changes to the copper tax, KGMH said in a press release. The Polish copper tax includes taxing for hydrocarbons.
KGHM informed that company representatives met with the minister and deputy minister of finance and the deputy minister of state assets on Monday.
"The main goal of the meeting was the discussion of changes to the so-called copper tax and possible strengthening of KGHM's long-term Polish development assets through investments," KGHM wrote.
The subject of the so-called copper tax is the extraction of copper and silver, as well as natural gas and crude oil.
As the company pointed out, it is the biggest copper producer in Europe, adding that it is responsible for nearly 50 percent of mining copper in the EU.
pel/ han/ nl/
