According to PwC, investors seemed unimpressed last year, as market valuations fell 18%.
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Europe’s second-largest copper producer also posted its best quarterly results in the last three years, with revenue rising by PLN 1.2 billion (about $312 million).
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If rubber-stamped by the senate, the move would give state-run KGHM a bit more room to breathe, as the miner has been struggling with rising costs, falling copper prices, technical problems and higher-than-expected capital spending in the past years.
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The body, which looks into the way the Polish state operates and how it spends public funds, says the company has spent more than $5.2B in three years in the underperforming Sierra Gorda mine.
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