POLAND Mining News

Polish copper producer KGHM appoints new CEO

KGHM has not had a CEO since Radoslaw Domagalski-Labedzki was fired on March 10.

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.

Last missing Polish miner found dead: JSW

“The (last) miner’s body was trapped under one of many structures in the destroyed pit,” JSW said in a statement.

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.

Two of three missing Polish miners found dead -JSW

One man is still missing at the Zofiowka mine in southern Poland.

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.

Two miners dead, three missing after quake at Polish coal mine

A 3.4 magnitude quake hit the Borynia-Zofiowka-Jastrzebie coal mine in southern Poland on Saturday morning.

Even Europe’s biggest coal addict now wants to clean up its act

Poland has about $30 billion of planned wind projects 30 kilometers (19 miles) out in the Baltic.

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.

Prairie Mining starts legal action against Poland's environment ministry

The news sent the miner's shares plunging 30 percent in London and 20 percent in Warsaw.

Poland's biggest miner PGG expects small rise in 2018 coal output

Poland's biggest mining firm, state-run PGG, expects its coal output to rise slightly this year from around 30 million tonnes in 2017.

These charts show just why copper price fundamentals are so strong

The world's 10 largest copper mines accounted for 25% global output in 2017 – on average these deposits were discovered 95 YEARS ago.

Polish JSW beats forecasts with 2017 profit, but suspends dividend

JSW said on Monday its 2017 net profit jumped to 2.54 billion zlotys ($745.31 million) from 6.7 million zlotys a year earlier.

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.

In the country where coal is king, a battle with the EU looms

The buzzword in the Brussels energy and climate bubble is 450, a number that is dividing European Union lawmakers and making coal-dependent Poland fume over upcoming reforms to the world’s biggest carbon market.

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

Metal prices to lift Polish KGHM's Q3 results – CEO

KGHM Polska Miedz SA expects its third quarter results to be boosted by favourable metal prices and currency exchange rates.

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.