US Senators release energy permitting reform bill
Energy Permitting Reform Act of 2024 could speed up approvals of clean-energy, pipeline and electricity transmission projects.
Poland’s state-run KGHM, one of the world’s biggest copper and silver producers, is currently operating below its break-even point with the copper price below $5,000, Prime Minister Mateusz Morawiecki said on Monday.
“Break even is at $5,100-5,200, so one of our national champions has found itself, temporarily I hope, under water,” Morawiecki told the upper house of parliament, asking it to approve a package of legislation designed to help the economy survive the coronavirus crisis.
Copper was trading at $4,773 on Monday.
A KGHM spokeswoman said that at the moment the company sees no grounds to change its 2020 budget assumptions, as it has to assess copper prices in the longer term and other factors such as the dollar exchange rate.
(By Anna Koper and Agnieszka Barteczko; Editing by Susan Fenton)
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