POLAND

Poland's KGHM buys another 29% of Ajax Mining

The state-controlled copper miner has purchased another 29% of Ajax Mining, its JV company with Abacus Mining for $29.9 million, raising its bet on Canada as its second base.

Poland has no plans to change mining tax – Minister

Poland's finance ministry says it does not plan to alter its proposed mining tax aimed mainly at state-controlled copper miner KGHM, whose shares are at their lowest since August 2010.

Rollerblading down a salt mine

In the never-ending quest to find really cool places to roller blade, film makers must have scored a coup when they were given permission to "bomb" down a defunct Polish salt mine.

The high speed stunt went viral on YouTube with over 300,000 views since it was uploaded this summer.

Court case resolution means coal miner may reduce its liabilities

Poland's top coking coal miner JSW will consider releasing a large part of reserves created in relation to a dispute over local taxes, if the Gliwice court proceedings slated for October confirm a positive Constitutional Tribunal ruling, CEO Jaroslaw Zagorowski told a press conference.

Polish mining stocks gain on tax ruling

Polish stocks are on a tear this week after a top court made a mining-friendly tax ruling.

Bloomberg reports that Polish stocks climbed for a second day, with the benchmark index heading for the biggest advance in a week, as coal and copper producers jumped after the Constitutional Tribunal ruling on mining taxes:

"The court ruled that mining excavations should not be considered as construction works and should be free of real-estate taxes."

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

Polish plow exceeds coal production expectations and sets new record

The Innovation News article in the December issue looks at the lead Bucyrus (now Caterpillar) has in coal plows. One of the most recent installations was an automated plow longwall ordered by Lubelski Węgiel Bogdanka for its Bogdanka mine in Puchaczów …

New compact washing plant for Wakoz Beton in Poland

Wakoz Beton are the owners of the first M2500 mobile washing plant to be installed in Poland. Read more

Metso to convert coal boiler to biomass-fired boiler for Dalkia in Poland

Metso will convert a pulverized coal boiler to a biomass-fired boiler for Dalkia Łódź S. A. in Poland, raising renewable energy production for Dalkia's plant in Łódź. The total value of the order is over EUR 15 million. The order …

Norphonic to showcase robust SIP-based telecom solutions at Mining Exhibition in Moscow

Norphonic will showcase the very latest robust sub-surface mining communication telephone technology at the Mining World Exhibition in Moscow, Russia on the 14-16th April. Mining World is the largest mining exhibition in Russia. This year, it will feature participation of …

Bucyrus longwall for Bogdanka coal

Crushing & Conveying     Bucyrus has won a contract to deliver a complete, automated plow longwall to Polish mine operator Lubelski Wegiel Bogdanka SA for its Bogdanka coal mine in Puchaczów. Bogdanka is one of Poland’s largest mine operators, producing …

RHEWUM supplies new designed linear motion screen after only 9 weeks

The RHEWUM UG 2100×5000/2 carried out as massive construction is part of the new milling and washing plant in Miedzianka, Poland. The new lime processing plant of Nordkalk Nordkalk with a capacity of approx. 2,5 Mio t/a meets the demand …