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 KGHM Q2 net profit shrinks to PLN 171 mln

Mining giant KGHM Polska Miedź recorded Q2 consolidated net profit of PLN 171 million compared to PLN 341 million a year ago.  The profit decline was mainly due to an increase in depreciation/ amortization, the recognition of provisions and lower result on the involvement in joint ventures, KGHM wro...

Locked content KHGM appoints Chłudziński as CEO

WSE-listed, state-controlled copper and silver giant KGHM appointed Marcin Chłudziński as its new CEO. Additionally, Katarzyna Kreczmarska-Gigol was named CFO and Radosław Stach was named VP for production. Before his appointment, Chłudziński was the head of the Industrial Development Agency (ARP). ...

Locked content Kidoń appointed Managing Director of Sierra Gorda

Mining giant KGHM said Sierra Gorda board appointed Mirosław Kidoń as Managing Director as of July 1. Previously, he was the general manager of Ore Enrichment Plants in KGHM Polska Miedź S.A. The board also discussed plans to increase the average annual processing capacity of the Sierra Gorda mine s...

Locked content KGHM resumes production in Sierra Gorda after a fatal accident

WSE-listed copper and silver giant KGHM resumed production at the Sierra Gorda mine 20 hours after the fatal accident. “In Sierra Gorda, a fatal accident occurred yesterday. It did not result from a mine disaster. The accident happened during the maintenance work of the machines,” vice p...

Locked content KGHM signs 5-year contract for PLN 7.5-8.1 bln

Copper mining giant KGHM will deliver nearly 300,000 metric tonnes of copper wire rods to cable manufacturer Tele-Fonika Kable over the period of five years for an estimated value of PLN 7.5-8.1 billion, KGHM’s CEO Rafał Pawełczak told PAP. The mining company will deliver at least 58,000 tonnes of c...

Locked content KGHM selects 5 start-ups in Scale UP competition

Mining firm KGHM has selected five start-ups in its Scale UP competition, which prepared high-tech solutions for the copper giant. The winning start-ups are: Drying Process, LGM, Instytut Formy, AliaTechnics and Hospicare, which prepared technologies for cost reduction in industrial drying, heat con...

Locked content KGHM pays PLN 153 mln in mining tax in February

Mining giant KGHM paid PLN 153.081 million in mining tax in February, according to the Finance Ministry. Revenue from mining taxes stood at PLN 281.506 million a the end of February and accounted for 21.8 percent of the plan, the ministry added in an operational report on how its budget plan is bein...

Locked content Wojciech Myślecki resigns from KGHM board

Wojciech Myślecki resigned from copper and silver mining giant KGHM’s supervisory board, the company said on Tuesday. Myślecki is the chairman of the Modern Technologies Team at NCBR (the National Center for Research and Development). In the past, he was an advisor for economic policy for the ...

Locked content KGHM plans to increase production at Sierra Gorda

WSE-listed silver and copper giant KGHM expects daily copper ore output at its Chilean mine Sierra Gorda to increase by 18 percent next year from current levels to reach 130k metric tons. KGHM will also commission the copper concentrate roasting installation by the end of 2018, the firm said. Comple...