Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
WARSAW, June 22 (Reuters) – Poland’s state-run KGHM , one of the world’s biggest copper and silver producers, has appointed Marcin Chludzinski as its new chief executive, the company said on Friday.
Chludzinski has been the head of the state-run Industrial Development Agency. Local media, including Puls Biznesu, had reported he was the front runner to become KGHM’s new boss.
KGHM has not had a CEO since Radoslaw Domagalski-Labedzki was fired on March 10.
Trade unions at KGHM sent a letter to Polish Prime Minister Mateusz Morawiecki earlier in June saying a quick decision was needed in light of KGHM’s production problems at home and abroad.
(Reporting by Agnieszka Barteczko; Editing by Mark Potter)
