Locked content Coal miners with PLN 3.6 bln net profit in 2017

Polish coal miners sold 66.3 million metric tons of coal last year, compared with 73.1 million in 2016, the Industry Restructuring Agency (ARP) said. Despite the lower volumes, revenues, boosted by the 26 percent increase in coal prices, increased by 14 percent to third to PLN 20.5 billion. Net prof...

Locked content Coal miners with PLN 1.4 bln net profit in H1

Polish coal miners sold 33.4 million metric tons of coal in the first six months of the year, down 1.1 million tons y/y, the Industry Restructuring Agency (ARP) said. Despite the lower volumes, revenues, boosted by the 38.2 percent increase in coal prices, soared by nearly a third to PLN 10.6 billio...

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...

Locked content Energa not interested in JSW shares

Poland’s fourth biggest power group Energa anounced it is not interested in either assets or in shares of listed coal mine Jastrzębska Spółka Węglowa (JSW). “In relation to media reports on a potential interest from the power sector in assets or shares of JSW, Energa’s management d...

Locked content Mining crisis continues

Another four Kompania Weglowa’ mines started to strike. Several hundred miners from Chwałowice, Jankowice, Mercel, Rydułtowy-Anna have been protesting underground since Monday. That increased the number of protesters roughly by 800 people. Prime Minister Ewa Kopacz met with labor unions in Katowice ...

Locked content Mine strike burgeons

Strikes in Polish mines are expanding. In four mines about 1,300 people have been protesting so far, Puls Biznesu daily reported. “This is a constantly changing number. Some people give up on the strike, some join it,” the president of Mining Solidarity Jarosław Grzesik informed. Some pa...

Miners protest against shutting down mines

Employees from a Brzeszcze mine, remained underground after their shift ended on Wednesday evening to protest against government’s plan to close four Kompania Węglowa facilities which are losing the most money. Brzeszcze is on this list.

Miners demonstrate outside Sejm during PM address

During the Prime Minister’s inaugural speech, miners’ unions and other labor unions organized a demonstration just outside of the Sejm. From eyewitness account the crowd numbered about a couple thousand and many came from the Silesian mining district. “We didn’t come to prote...