President of KGHM: Changes in copper tax means the creation of new jobs

The president of KGHM Andrzej Szydło said on Monday that changes in the tax on minerals mean the creation of new jobs, thanks to investments in three windows, thanks to which the copper company will be able to reach for new resources in the south and north of the Oder.

On Monday, during a press conference at the headquarters of KGHM in Lubin, the president of Miedziowa, Andrzej Szydło, announced that the changes in the tax on kick tax announced by the government would allow the implementation of strategic projects for KGHM.

“These strategic projects are the construction of three shafts, which are necessary to make the deposit available. These are not mining windows, but they are necessary to reach for the resources of the so -called KGHM 1.1. That is, those resources that still lie to the Odra River, and then implement the preparation for the analysis of KGHM so -called 2.0, i.e. for the deposits for which we have a concession for the Odra” the president said.

He added that changes in the tax on minerals also mean the creation of new jobs. According to Szydło, the copper company will report a great demand for external contractors in the investment bud. “From the fact that this theoretical defect in the budget related to the relief in the tax on the mine does not mean proportionally a defect of the same long -term. Because due to CIT, PIT tax, other taxes, including real estate taxes, to a large extent this loss will be compensated, not to mention work places, work certainty for many years” – argued.

On Friday, the head of the Ministry of Finance Andrzej Domański and the Minister of State Asset Jakub Jaworowski provided information on plans to reduce the so -called copper tax. Minister Domański explained that from 2026 a factor will be reduced, used to calculate the amount of copper mining tax paid by KGHM. The mechanism of deducting investment expenditure on copper mining tax will operate from 2029, but as part of it, expenses incurred in 2026 (PAP) will be able to deduct as part of it

PDO/ DRAG/