POLAND

Polish parliament’s lower house approves 15% cut to copper tax

If rubber-stamped by the senate, the move would give state-run KGHM a bit more room to breathe, as the miner has been struggling with rising costs, falling copper prices, technical problems and higher-than-expected capital spending in the past years.

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Polish Audit Office blasts KGHM acquisition of Chilean copper mine

The body, which looks into the way the Polish state operates and how it spends public funds, says the company has spent more than $5.2B in three years in the underperforming Sierra Gorda mine.

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