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.
POLAND Mining News
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.
Photo essay by Tomasz Tomaszewski.
The treasure-hunting pair is focusing only on non-invasive testing at the moment.
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.
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.
One of the darkest events in the martial-law era of Poland in the early 1980s will soon be available to the public.
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.
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.
Announcement comes as Polish authorities work on a plan to group its loss-making mines into a “bad” or a “good” unit.
In the official opening the firm said it expected to start shipping from Sierra Gorda in November
Warsaw has promised industry support.
The open-pit mine, to begin operations later this year, is considered the world’s seventh largest copper project.
Prime Minister promises tax breaks until 2020.
World Coal Association says Figueres's comments evidence her "lack of expertise in the mining and energy sectors."
Christiana Figueres called the coal industry to diversify toward cleaner energy sources.
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.
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.
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.
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'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.
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.
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 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."