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KGHM Polska Miedz SA (KGHPF.PK)

KGHPF.PK on OTC Markets Group - US Other OTC and Grey Market

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Latest Key Developments (Source: Significant Developments)

Elektrotim offer chosen in tender for replacement of switchboards
Friday, 2 Sep 2016 04:59am EDT 

Elektrotim SA :Its 9.3 million zlotys ($2.4 million) net offer chosen in tender for replacement of switchboards by KGHM Polska Miedz SA Full Article

PBG settles with KGHM on claims worth 2.6 mln zlotys and 80,000 euros
Thursday, 11 Aug 2016 05:39am EDT 

PBG SA w upadlosci ukladowej : Signed agreement with KGHM Polska Miedz SA concerning claims raised by KGHM under its calls for settlement . Claims were raised regarding contract from July 30, 2012 for delivery, assembly and launching of 4 recovery boilers and contract from July 9, 2010 for production, delivery, assembly and launch of 4 gas turbo generator . Under the agreement, KGMH's claim for 2.6 million zlotys ($679,064) , resulting from boilers contract, was acknowledged . Under the agreement, KGMH's claim for PBG to pay 80,000 euros ($89,152)as cover for fault costs in gas turbo generator contract, was acknowledged .Still under negotiations, in period till Dec. 20, 2016, there is claimed raised by KGHM for 3.5 million zlotys, under gas turbo generator contract.  Full Article

KGHM Polska Miedz SA - Chile environmental regulator presses charges against Sierra Gorda mine - Reuters News
Tuesday, 8 Mar 2016 04:09pm EST 

KGHM Polska Miedz SA:Chile's environmental regulator pressed charges against Sierra Gorda, jointly owned by Poland's KGHM Polska Miedz and Japan's Sumitomo Metal Mining, saying the copper mine could be fined up to $29 million and have its license revoked - RTRS.The SMA regulator said on Tuesday that Sierra Gorda committed seven "serious" and two "mild" environmental infractions.Those infractions include not implementing measures to control emissions, altering the natural habitat for native wildlife, and operating a tailings dam in an unauthorized manner.Sierra Gorda has 10 days to present a compliance plan to the SMA or 15 days to present a legal defense.Sierra Gorda said it is analyzing the document to prepare actions to address the charges."It is fundamental for the company to respond to each of the concerns of the superintendency and ensure a safe, respectful and responsible operation for the environment and communities," Sierra Gorda said in an emailed statement.The head of the SMA has said that mining companies and others investing in Chile can expect increased scrutiny and sanctions if they break environmental rules, as the regulator is being allocated more resources and more inspectors.  Full Article

KGHM Polska Miedz SA appointed Stefan Swiatkowski vice chairman of management board for finance affairs
Tuesday, 23 Feb 2016 08:15am EST 

KGHM Polska Miedz SA:Appointed Stefan Swiatkowski to the Management Board of KGHM Polska Miedz S.A. as the vice chairman of the management board for finance affairs.  Full Article

Technip to provide roasting system for KGHM in Poland
Tuesday, 16 Feb 2016 01:00am EST 

Technip:Wins a contract from KGHM to provide engineering and procurement services for a 480 metric ton per day Dorr Oliver FluoSolids roaster system for the Glogow I Copper Smelter Optimization Project in Glogow, Poland.Says in addition to proprietary technology and equipment, it will provide erection supervision, commissioning, startup and training assistance to KGHM.  Full Article

KGHM Polska Miedz SA changes chairman of management board
Wednesday, 3 Feb 2016 04:59pm EST 

KGHM Polska Miedz SA:The supervisory board replaced its chairman of management board Herbert Wirth with his predecessor Krzysztof Skora.  Full Article

KGHM Polska Miedz SA says may extract 1.2 mln tonnes of copper in Canada-Reuters
Thursday, 14 Jan 2016 01:25am EST 

KGHM Polska Miedz SA:Says its Canadian unit Ajax's reserves are estimated to have 1.2 million tonnes of copper-Reuters.Company added that Ajax's reserves amount to 2.6 million ounces of gold and 5.3 million ounces of silver.  Full Article

KGHM Polska Miedz SA - Chile's Sierra Gorda mine laying off 100 workers as copper prices slide - Reuters
Thursday, 12 Nov 2015 03:44pm EST 

KGHM Polska Miedz SA:Chile's Sierra Gorda mine, which is jointly owned by Poland's KGHM Polska Miedz and Japan's Sumitomo Metal Mining, said on Thursday it was laying off over 100 employees to cut costs amid a steep slide in copper prices - RTRS."Under the current market conditions we are forced to take these and other actions to be very responsible in relation to our future growth," said Sierra Gorda's general manager Maciej Sciazko - RTRS.The company said the layoffs, equivalent to 8 percent of its headcount in Chile, will take place in Santiago, Antofagasta and at the mine - RTRS.Sierra Gorda, which is 55 percent owned by KGHM, is seen producing 100,000 tonnes of copper this year - RTRS.  Full Article

KGHM Polska Miedz SA - KGHM International to cut 48 jobs at Sudbury, Ontario - Reuters
Sunday, 20 Sep 2015 08:00pm EDT 

KGHM Polska Miedz SA:Miner KGHM International Ltd said it would cut 48 jobs at its Sudbury operations in Ontario, as the company puts its McCreedy West mine under maintenance in response to weak commodity prices - Reuters.The Polish miner currently employs 360 people at Sudbury, which includes Morrison Mine and McCreedy West mine, that mainly produce copper and nickel - Reuters.KGHM, which also has operations in Chile and the United States, said on Monday that it is reviewing additional cost reductions at its operations - Reuters.  Full Article

KGHM Polska Miedz SA acquires 100 pct stake in Bipromet under mandatory tender offer
Friday, 24 Apr 2015 10:10am EDT 

Bipromet SA:KGHM Polska Miedz SA buys 8.77 percent stake in the company raising its stake in company to 100 percent under mandatory tender offer.  Full Article

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