Bloomberg News

KGHM CEO Says New Copper Tax Proposal ‘Step in Right Direction’

January 03, 2012

Jan. 3 (Bloomberg) -- The updated formula for a new copper and silver tax that Poland plans to introduce this year is a “step in a right direction,” Herbert Wirth, the chief executive officer of the country’s sole copper producer of the metals KGHM Polska Miedz SA, told TVN CNBC television today.

The formula, published by the government yesterday, is still “unsatisfactory” compared to the global standards, Wirth said.

To contact the reporter on this story: Maciej Martewicz in Warsaw at mmartewicz@bloomberg.net

To contact the editor responsible for this story: Maciej Martewicz at mmartewicz@bloomberg.net


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