Profil:
KGHM Polska Miedź SAKGHM copper's new strategy completed but not announced yet, says CEO
Listed copper and silver producer KGHM's new strategy has been completed, but the management is in no hurry to announce it until it is sure it has fully secured funds to implement it, CEO Andrzej Szydlo told a press conference.
"The new strategy is already complete. Even once the optimum strategy has been set, it must first of all, of course, be implemented, but it must also be updated, made more specific, and perhaps sometimes slightly modified depending on the environment, especially the foreign environment," CEO Szydlo said.
"We would be irresponsible if we announced the strategy at a time when we do not know 100 percent to what extent it is safe in terms of securing funds for its implementation. There is nothing wrong with the fact that it is not yet officially detailed enough to be announced, because many of the strategic projects are being implemented," he added.
pr/ ao/
