Locked content KGHM CEO: copper prices up to $7000/ton in 6-12 months

Copper prices can reach up to $7,000 per ton in a half-year to one-year perspective, KGHM CEO Marcin Chludziński.  “It results from the market, demand, and rationality of political decisions,”  Chludziński said. He noted that the situation between China and the US is stabilizing. The cop...

Locked content Treasury Minister wants referendum on nuclear power plants

The Minister of the State Treasury declared that it is the government’s aim to inform people of the possible benefits that the construction of nuclear power plants in Poland would bring. However, he also quickly added that the ultimate decision on this matter should be made by the general publ...

Locked content KGHM net profit down

Minning and metallurgy company KGHM reported a net profit decline to PLN 2.45 billion in 2014 from PLN 3.04 billion in 2013, due to lower metal prices, the company announced on Tuesday in a statement. The company’s operating profit amounted to PLN 3.68 billion, versus PLN 4.37 billion in the previou...

Locked content KGHM to invest PLN 27 billion

WSE-listed KGHM, one of the largest copper producers in the world, is planning to spend PLN 27 billion by 2020 under the company’s new strategy. “This is the biggest investment program in our 60-year-long history,” said Herbert Wirth, CEO of the company. The board claims that the financing is ...

KGHM in talks with rival over mining permit dispute

Copper and silver mining giant KGHM has talked to Canadian-owned Miedzi Copper about two mining concessions, which are subject to a legal dispute between the companies, the Polish firm’s spokesperson was quoted as saying by Reuters.

Locked content KGHM signs major contract with Prysmian

Polish copper and silver mining giant KGHM has signed a contract with Italian cable producer Prysmian for the delivery of opper wire rod in 2015 and 2016, the Polish firm said in a statement on Monday. The value of the contract is estimated at PLN 2.07-2.58 million. Its final value will depend on th...

Locked content KGHM with favorable court ruling in Chile

The Supreme Court of Chile has issued a ruling favorable for Polish copper giant KGHM in a case regarding environmental law, the Polish company said in a statement on Tuesday. “The Supreme Court of Chile issued a final and favorable judgment dated 4th August 2014 in a case concerning compliance with...

Locked content Copper mining licenses rescinded

Environment Minister Maciej Grabowski has rescinded the Bytom Odrzański license that was granted to Leszno Copper, a company belonging to Miedzi Copper. “I’ve come to the conclusion that the procedures involved during the issue of the license had some drawbacks. … The decision-maki...

KGHM launches production in Chile

Poland’s copper and silver mining giant KGHM has announced the launch of copper production at its Sierra Gorda mine in Chile. The facility is  scheduled to be officially opened in autumn.

KGHM: first production at Sierra Gorda this month

Poland’s copper and silver mining giant KGHM expects the first volumes of copper concentrate to come out of its Sierra Gorda mine in Chile this July, the company’s CEO Herbert Wirth was quoted as saying by the Polish Press Agency.