POLAND Mining News

Polish coal mining swings to profit on prices, restructuring

According to the Industrial Development Agency (ARP), net profit at Polish coal mines stood at 1.45 billion zlotys (US$400.06 million) in the first half of the year compared to a 800 million zlotys loss a year earlier.

Frantic search for 4 missing miners in Poland after cave-in

Rescuers were searching for four missing miners in southwestern Poland on Wednesday after an earth tremor caused rockfalls deep underground in a copper mine owned by KGHM.

Stunning photos of Poland’s kings of coal

Photo essay by Tomasz Tomaszewski.

Nazi 'gold train' treasure hunters to scan site of alleged finding

The treasure-hunting pair is focusing only on non-invasive testing at the moment.

Poland may stop producing coal until at least 2018

The new government is considering to stop production at several of its mines until at least 2018 in an effort to help prices by reducing a global oversupply.

KGHM applies for environmental permit for proposed gold, copper mine in Canada

GHM estimates the project will employ about 500 people and contribute up to $550 million dollars in federal and provincial taxes, $210 million in British Columbia Mining Act tax, and $110 million in municipal taxes.

Coal mine massacre during Solidarity-era Poland to go public

One of the darkest events in the martial-law era of Poland in the early 1980s will soon be available to the public.

Poland fights for coal, but Russia may benefit

Poland's defense of coal, which has been a measure of energy independence from Russia, might actually be an asset to the Kremlin's influence.

Kosovo miners return from underground, ending 3-day strike

Hundreds of miners in Kosovo are back on shift following a three-day work stoppage to protest against the Kosovo government, which backtracked on an earlier decision to take control of the Trepca mining complex.

Polish coal miner slashes production forecast amid restructuring

Announcement comes as Polish authorities work on a plan to group its loss-making mines into a “bad” or a “good” unit.

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

Polish miners abandon Russian coal imports blockade

Warsaw has promised industry support.

KGHM completes seawater pipeline for its Sierra Gorda copper mine in Chile

The open-pit mine, to begin operations later this year, is considered the world’s seventh largest copper project.

Wary of dependence on Russia, Poland incentivises shale gas industry

Prime Minister promises tax breaks until 2020.

Coal industry says UN climate chief 'ignoring reality'

World Coal Association says Figueres's comments evidence her "lack of expertise in the mining and energy sectors."

UN climate chief to coal industry: 'Leave most existing reserves in the ground'

Christiana Figueres called the coal industry to diversify toward cleaner energy sources.

Poland hosts two very different climate change summits this week

As of Monday, Poland will be host to two climate change summits: One organized by the United Nations and the other by the World Coal Association.

Africa’s increasing risks scaring off mining investments: report

With the exception of Ghana and Cape Verde, which were ranked as “medium risk” in the index published Wednesday, all others were classified as “high risk."

'A decade of rising commodity prices is always followed by two decades of declines.' Now you tell us!

Ruchir Sharma, head of emerging markets at Morgan Stanley, makes one of the most bearish statements yet on the end of the so-called commodity supercycle.

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.

Polish Bogdanka Mine sets production world record with Cat® Plow Longwall

On February 16, 2012, the Polish coal mining company Lubelski Węgiel Bogdanka S.A. smashed the world record for daily production from a plow-equipped longwall, with an output of 24,400 tonnes of coal from a single face.

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."