Locked content JSW with PLN 754 mln profit in Q1

Coal producer JSW reported PLN 753.9 million net profit in Q1 2018, compared to PLN 864.9 million in the corresponding period of last year. Operational profit came in at PLN 951.9 million, while EBITDA at PLN 1.136 billion, versus PLN 1.24 billion a year earlier. JSW’s revenue stood at PLN 2.51 bill...

Locked content ETS scheme approved. Poland feels “cheated” – Szyszko

With 19 votes for and nine against (including Poland), the EU has approved the Emission Trading System (ETS). The scheme, aimed at cutting carbon emissions by European industries by 43 percent in 2030 when compared with levels in 2005. However according to Poland’s environment minister Jan Szy...

Locked content IEA says Poland could improve its energy plans

The International Energy Agency reported on Thursday that the study it had tabulated on Poland’s energy sources for 2016 indicated that the country is very heavily reliant on coal. Amidst a winter that has seen air pollution levels in Polish cities, at times, reach dangerous levels, the IEA indicate...

Locked content Steel production way up, coal production down in December

The production of coal in Poland declined by 7.4 percent, y/y, in December, 2016, according to data released on Wednesday by the Central Statistical Office (GUS). Also, it said that total production was 6.04 billion tons. Month-on-month production, meanwhile, fell by 0.4 percent. GUS also released d...

Locked content Bogdanka and Puławy extend coal supply deal

WSE-listed coal miner Bogdanka has extended the steam coal supply deal with chemical producer Grupa Azoty Puławy till 2021. The value of the contract is estimated at PLN 343 million for the 2017-2021 period. The parties set the price and volume terms for 2017 as well as agreeing on the volume of coa...

Locked content PGG president: Polish Coal will trim unnecessary production

The CEO of Polish Mining Group, Tomasz Rogola, said that streamlining operations and committing to coal production in the most profitable mines will make the coal industry in Poland more efficient and “consistent.” He was speaking at a conference on the coal sector in Katowice on Friday, according t...

Locked content Polish Coal: exports up, profits down

According to data released by the Katowice branch of the nation’s Industrial Development Agency, exports of coal during the period January to September 2016 increased by 3 percent, in comparison with the same time period in 2015. However, during the same time period in 2016, losses amounted to PLN 1...

Locked content Poland to finance JSW with PLN 500 mln in 2017

Poland’s Energy Ministry will finance a coal miner Jastrzębska Spółka Węglowa (JSW) with 500 million sum in 2017, deputy Energy Minister Grzegorz Tobiszowski informed. “Funds could come in stages and draw both on previously discussed plans for new debt and equity. The money would go to i...