KGHM knows what the price of copper

The cost of copper in 2011 will be at the level of 8000-9000 USD / ton . This opinion was expressed by the head of Polish copper company KGHM Herbert Wirth, according to Reuters. Besides, he added: "This is a good price level for us." previously reported that KGHM in the I quarter of 2011 increased net profit to 1.96 billion zlotys ( 710 million dollars). In this case, market analysts expect that corporate profits will not exceed 1.84 billion zlotys. A year earlier profit of KGHM was estimated at 725 million zlotys.'s revenue producer in the reporting period increased by 46% to 4.77 billion zlotys . Recall that by 2018, KGHM wants to increase copper production to 700 tons per year. Currently, the corporation annually produces 547 thousand tons of the red metal. The company KGHM Polska Miedz is the largest producer of copper and silver in Poland. The amount of annual sales Corporation reaches 1.18 billion dollars Ministry of Industry