KGHM met forecasts with a 2 percent rise in second-quarter profit, cementing hopes Europe’s second-biggest copper miner will surge guidance for 2009 and lifting its shares on Friday. For full story, click here
Continue reading "KGHM's Q2 Profit Fueled Hopes of Higher Guidance"
Tuesday, February 24, 2009
Europe’s largest copper miner KGHM expects its 2009 net profit dip to 488 million zlotys ($134 million) from the expected 2.9 billion in 2008, as lower copper and rising costs bite. For more information, click here
Continue reading "KGHM expects its 2009 net down to $134 mln"
Thursday, November 20, 2008
KGHM KGHM.WA, Europe’s largest copper miner, will discuss exploring copper deposits in China with its partner China Minmetals Corporation, the country’s top metals trading firm, KGHM CEO was quoted as saying on Wednesday. For full story, click here
Continue reading "KGHM to discuss copper exploration in China -report"
Thursday, November 13, 2008
KGHM of Europe with its partner China Minmetals Corporation will discuss exploring copper deposits in China. Miroslaw Krutin, CEO of KGHM, said: We will visit China Minmetals Corporation in November to sign trading deals for another year, We will also discuss future cooperation, including the possibilities of exploring (copper) deposits. For full story, click here
Continue reading "KGHM mulls copper exploration in China: Report"
Friday, November 7, 2008
KGHM of Europe plans to discuss exploring copper deposits in China with its partner China Minmetals Corporation, Miroslaw Krutin, CEO of KGHM, said: We will visit China Minmetals Corporation in November to sign trading deals for another year. We will also discuss future cooperation, including the possibilities of exploring (copper) deposits. For full story, click here
Continue reading "KGHM mulls copper exploration in China"
Friday, October 10, 2008
KGHM has invested in two projects for its copper mill. Europe’s largest copper miner KGHM KGHM.WA approved two investment projects in its copper mill and two gas fueled energy units worth a total of 2.3 billion zlotys ($917 million), the company said on Friday. The article can be found here.
Continue reading "Polish Copper KGHM Approves Investments"
Friday, October 10, 2008
By Leia Michele Toovey- Exclusive to Copper Investing News It has been a volatile week for copper prices. On Wednesday, copper tumbled to its lowest price since March 2006 over concern of a global recession. Three-month copper on the London Metal Exchange (LME) closed at US$5,240 per tonne. Later on Wednesday, the U.S. Federal Reserve, European [...]
Continue reading "Copper's wild ride"
Wednesday, October 8, 2008
KGHM, Europe’s top copper miner, believes 2009 will be much more difficult as the lower demand for copper will impact their revenues. They are anticipating a consumer driven market with strong supply. Pawel Puchalski, analyst with BZ WBK in Warsaw, commented on KGHM’s current standings. It’s not that the company will sell less copper, but [...]
Continue reading "KGHM Sees Tougher 2009"
Wednesday, October 8, 2008
The top copper miner, KGHM KGHM.WA, in Europe anticipates a lower third quarter than the same time last year and may even go so far as to reduce their 2008 forecasts due to a lessening of certain copper products. We will close the third quarter with revenue lower than in the third quarter of [...]
Continue reading "KGHM Sees Lower Q3"
Wednesday, October 8, 2008
WIth central banks cutting interest rates globally copper has narrowed its losses after having fallen more than seven percent with financial crisis concerns. The U.S. Federal Open Market Committee, the policy-setting arm of the U.S. Federal Reserve, cut benchmark lending rates by half a percentage point to 1.5 percent in an action coordinated with other central banks. [...]
Continue reading "Copper Narrows Losses"
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Friday, August 14, 2009