KGHM Mining News

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.

Polish KGHM eyes takeovers with China Minmetals

Europe's No.2 copper producer, KGHM, may make joint acquisitions with China Minmetals Corporation, KGHM Chief Executive Herbert Wirth said on Wednesday.

Copper miner KGHM almost triples Q1 profits

Europe's No.2 copper producer KGHM (KGHM.WA) nearly tripled its net profit in the first quarter, beating expectations thanks to a rally in metal prices. Poland's state-controlled miner said on Friday its bottom line reached 1.96 billion zlotys ($710 million), compared to 1.84 billion seen in a Reuters poll.

KGHM launches telecom arm sale

KGHM (KGHM.WA: Quote), Europe's second biggest copper producer, has launched the sale of its telecoms arm Dialog as part of its plans to shed some non-core assets, sources close to the deal told Reuters late on Monday. "Teasers have been sent," one of the sources said, referring to a document presenting the company to potential buyers.

Institutional investor wants KGHM to pay entire profit as dividend

One of the Polish miners institutional investors called on the copper producer to hand back its entire 2010 profit of $1.6bn as a dividend

KGHM announces almost doubling in Q4 profits

The Polish miners beat market expectations announcing a strong fourth quarter on the back of surging metal prices and said it expects to see 2011 net profit jump to a record 8.35bn zlotys Poland's KGHM (KGHM.WA: Quote) almost doubled its fourth-quarter