KGHM has not had a CEO since Radoslaw Domagalski-Labedzki was fired on March 10.
POLAND Mining News
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.
KGHM also said in a statement that silver sales fell in the same quarter by 16 percent to 212.6 tonnes.
The news sent the miner's shares plunging 30 percent in London and 20 percent in Warsaw.
Poland's biggest mining firm, state-run PGG, expects its coal output to rise slightly this year from around 30 million tonnes in 2017.
The world's 10 largest copper mines accounted for 25% global output in 2017 – on average these deposits were discovered 95 YEARS ago.
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.
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.
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.
"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
KGHM Polska Miedz SA expects its third quarter results to be boosted by favourable metal prices and currency exchange rates.
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.
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.