KGHM Mining News

Poland's KGHM focused on balance sheet, not dividends

KGHM will deliver updated strategy by year-end and it has no plans to sell foreign assets.

KGHM to go ahead with $2bn expansion of Sierra Gorda copper mine in Chile

Expansion and upgrades would extend the mine’s life by 21 years.

Poland's KGHM plans domestic investment of more than $3 bln by 2022

The company also said it plans to reduce investment in oversees assets and focus on domestic operations.

Chile copper mine Sierra Gorda closes following fatal accident

Roberto Venegasa, an employee of equipment supply firm Finning, died during routine maintenance work at the mine, the company said.

Polish miner KGHM's first-quarter profit down 38 pct on sales decline

Net profit for the first three months of the year stood at 439 million zlotys ($121.08 million), compared with the 453 million zlotys expected by analysts.

Poland's KGHM expects to match or exceed 2017 profit this year

The CEO also forecast that the copper price will exceed $7,000 by the end of this year, as analysts at Bank of China expect.

Poland's KGHM says Q1 copper sales fall 12 pct yr-on-yr

KGHM also said in a statement that silver sales fell in the same quarter by 16 percent to 212.6 tonnes.

Poland's KGHM targets rise in Chilean copper ore output

The miner expects daily copper ore output at its Chilean mine Sierra Gorda to increase by 18% next year from current levels.

Polish copper producer KGHM cuts 2017 investment and output targets

The state-run firm also said that this year's output of electrolytic copper from its own concentrates will be 35,000 tonnes than the planned 401,000 tonnes due to an accident at its smelter.

Poland's KGHM chief sees high copper prices boosting earnings this year

"I think that the third-quarter results will confirm that the full-year EBITDA will be higher than last year," says KGHM CEO Radoslaw Domagalski-Labedzki

KGHM says phase two of Sierra Gorda copper mine in Chile will never happen

The Polish company, Europe's second-largest copper producer, said that given current macro conditions the plan had lost sense.

Environmental review panel nixes proposed Ajax mine

A prospective copper-gold mine in south-central British Columbia has been handed a setback by local First Nations who oppose the project.

Poland copper mine cave-in claims two lives

The accident happened at the Polkowice-Sieroszowice mine when part of a ceiling collapsed.

KGHM delays expansion of flagship mine in Chile, shares jump

Shares in Europe's second-largest copper producer jumped as much as 4.7% on Monday after posting earnings at overseas units that helped the Polish miner beat analysts estimates for the first-quarter profit.

KGHM, Sumitomo face fine, licence withdrawal over environmental breaches in Chile

The infractions include not implementing measures to control emissions, altering the natural habitat for native wildlife, and operating a tailings dam in an unauthorized fashion.

Copper prices plummet on China worries, oil collapse

The London Metal Exchange’s three-month copper contract fell as much as 1.4%, the most since Feb. 10, to $4,580 a metric ton.

Copper prices falling like it's 2009

The fresh collapse dragged main producers down, with BHP Billiton, the world’s largest miner, hitting a decade-low.

KGHM taps BC start-up to help manage mine worksite

A start up building worksite management technology for miners.

KGHM to shut down McCreedy mine: Union

In the face of weak commodity prices, KGHM International will shut down the McCreedy West Mine next month, the union representing representing workers there told the Sudbury Star on Sunday.

We are the world's largest silver producer: KGHM

“It took us one year to regain our leadership position in the silver market."

Expansion of Chile’s Sierra Gorda mine may cost up to $2bn

Majority owner KGHM International also said it is sticking to its commitment to invest US$9 billion over the next five years.

Polish miner KGHM begins production at massive copper mine in Chile

In the official opening the firm said it expected to start shipping from Sierra Gorda in November

Chile's court rules in favour of KGHM’s Sierra Gorda storage facility

This is the third project in the past four moths to be given the go-ahead after an initial unfavourable ruling.

IMAGE GALLERY: Throwing the switch on KGHM's Sierra Gorda mine in the Atacama Desert

The143-kilometre seawater pipeline is operational

Copper-gold project in BC interior has $795 million capex

A feasibility study released Wednesday for the Ajax copper-gold project estimates the capital costs at $795 million.