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    KGH   PLKGHM000017

KGHM POLSKA MIED? S.A.

(KGH)
  Report
Delayed Warsaw Stock Exchange  -  09:52 2022-12-05 am EST
122.05 PLN   +3.26%
11/17Transcript : KGHM Polska Miedz S.A., Q3 2022 Earnings Call, Nov 17, 2022
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11/16Kghm Polska Mied? S A : after the first 3 quarters of 2022 – stable copper production and higher Group revenues
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11/16KGHM Polska Miedz S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
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KGHM Polska Mied? S A : Electricity, cooling, and heat thanks to KGHM's innovative solution

09/15/2022 | 08:40am EST
Safety and proper working conditions at the working faces in the mines - the technical acceptance of the Surface-based Air Conditioning Station at the KGHM-owned GG-1 shaft is underway. For the KGHM, this is a key investment project, as it allows work at a depth of about 1,300 m, where the average primary temperature of the rock mass is about 50 degrees Celsius.

The innovative technology used in the Surface Air Conditioning Station allows the combined production of heat and electricity from natural gas. The system ensures the continuity and reliability of the cooling supplied to the mine headings and allows elimination of the need to purchase electricity for the plant. This, in turn, helps improve the company's energy efficiency.

The project is environmentally friendly and is expected to save money through the use of a tri-generation system: the electricity produced will power the air conditioning station equipment, the recovered heat energy will be used for cooling by absorption units and in winter to heat the air flowing into the shaft and the buildings at the GG-1 shaft yard.

Construction of the Surface Air Conditioning Station began in 2019. The project is to be completed in three stages allowing generation of cooling at the capacity of 22 MWt, 33 MWt, and 40 MWt, respectively. The general contractor is a KGHM Group company, Przedsiębiorstwo Budowy Kopalń PeBeKa S.A.

Disclaimer

KGHM Polska Miedz SA published this content on 14 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 September 2022 12:39:01 UTC.


ę Publicnow 2022
All news about KGHM POLSKA MIED? S.A.
11/17Transcript : KGHM Polska Miedz S.A., Q3 2022 Earnings Call, Nov 17, 2022
CI
11/16Kghm Polska Mied? S A : after the first 3 quarters of 2022 – stable copper productio..
PU
11/16KGHM Polska Miedz S.A. Reports Earnings Results for the Third Quarter and Nine Months E..
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Financials
Sales 2022 33 669 M 7 545 M 7 545 M
Net income 2022 5 327 M 1 194 M 1 194 M
Net Debt 2022 3 634 M 814 M 814 M
P/E ratio 2022 4,23x
Yield 2022 2,81%
Capitalization 23 640 M 5 297 M 5 297 M
EV / Sales 2022 0,81x
EV / Sales 2023 0,82x
Nbr of Employees 33 894
Free-Float 68,2%
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Mean consensus HOLD
Number of Analysts 12
Last Close Price 118,20 PLN
Average target price 110,82 PLN
Spread / Average Target -6,25%
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Managers and Directors
Tomasz Zdzikot President, CEO & Vice President-Management Board
Andrzej Kensbok Vice President-Finance
Agnieszka Winnik Kalemba Chairman-Supervisory Board
Michal Zborowski General Director-Administration & Purchasing
Andrzej Kisielewicz Member-Supervisory Board
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