Miner missing in Rudna mine is alive!
POLAND Mining News
Originally 14 were missing, but some were rescued within several hours of the tremor.
The new investment would create 300 jobs and that investments would total over 200 million euros.
"We refer to lower end of copper price range forecast by analysts and we assume an average copper price at $6,100-$6,300 per tonne."
Coal bosses see a need to address climate risk, but say Poland must use thermal coal for electricity until it has a better option.
Poland's ambitions to invest in coal have stirred outrage at U.N. climate talks taking place in Katowice.
We are now working on internal approvals for the final stage of talks - Daniel Ozon, CEO Prairie Mining
Northvolt's plans are a central part of Europe's effort to compete with Asian rivals such as CATL, Samsung and LG Chem.
Hungary’s central bank increased its gold reserves 10-fold, citing the need to improve its holdings’ safety, joining regional peers with relatively high ownership in the European Union’s east.
KGHM will deliver updated strategy by year-end and it has no plans to sell foreign assets.
Poland plans to boost output of coal by about 10 percent in the next several years to cut down on imports, which are set to jump to a record this year.
Poland is making a rare charge into gold. The country added about 9 metric tons to its bullion reserves in July and August as prices dropped.
Coal currently feeds about 27% of the world’s energy demand.
Poland's state-run JSW awaits approval from the Energy Ministry in its bid to acquire the mining assets of Australia's Prairie Mining
Tamar Resources wants to reopen the state-owned Krupinski mine in Silesia as a coking coal mine.
The plant is the first of its kind built by Umicore in Europe and comes as the European Union is trying to develop EV battery manufacturing in the bloc.
State-run JSW and Australia's Prairie, which is developing mines in Poland, have been in cooperation talks for much of this year but JSW wants control.
KGHM has not had a CEO since Radoslaw Domagalski-Labedzki was fired on March 10.
The company also said it plans to reduce investment in oversees assets and focus on domestic operations.
“The (last) miner’s body was trapped under one of many structures in the destroyed pit,” JSW said in a statement.
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.
One man is still missing at the Zofiowka mine in southern Poland.
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.
A 3.4 magnitude quake hit the Borynia-Zofiowka-Jastrzebie coal mine in southern Poland on Saturday morning.
Poland has about $30 billion of planned wind projects 30 kilometers (19 miles) out in the Baltic.