KGHM Polska Miedź and Lubelski Węgiel “Bogdanka” have signed a letter of intent regarding cooperation in, among other things, securing access to raw materials crucial for sustainable transformation. The document was adopted during the Polish National Economic Summit in Lublin.

The two companies are also planning joint mining projects regarding raw materials of the future, cooperation and building Poland’s energy independence.

The parties declare in the letter that they will undertake cooperation in various forms, depending on their needs and possibilities, with particular consideration of the assumptions included in their business strategies. The companies will work together and flexibly adapt to the situation, follow developments, and adapt technologies to changes in the world and take advantage of new business opportunities to build competitive advantages for both companies.

“Raw materials are not only an economic issue, but they are also currently a key issue for national security. Therefore, KGHM is ready to dialogue with national partners to ensure the stability and independence of our country. The agreement with “Bogdanka” has one goal: to create strong economic foundations for future generations, ensuring their security of supply of necessary raw materials and energy,”, said Tomasz Zdzikot, President of the Management Board of KGHM Polska Miedź S.A.

Kasjan Wyligała, President of the Management Board of Lubelski Węgiel “Bogdanka” S.A., stated that the transformation of the Polish energy sector is not only a necessity, but also a huge challenge and opportunity for Poland.

“KGHM is a natural partner for Bogdanka in terms of implementing mining projects for the raw materials of the future. Thanks to this cooperation, we can not only work towards a sustainable transformation, but also strengthen our independence in terms of the supply of critical raw materials and the production of energy from renewable sources,” added Kasjan Wyligała.

Adrian Andrzejewski