Locked content PGG plans to extract 30.5 mln tonnes of coal in 2018

Polish mining conglomerate PGG plans to extract over 30.5 million metric tonnes of coal in 2018, CEO Tomasz Rogala informed. “In the first half of the year, PGG mines extracted 14.8 million tonnes of coal, which is 800,000 tonnes more than in the same period of last year…,” he said. Work productivit...

Locked content JSW hopes for decision regarding Prairie Mining assets in July

WSE-listed coking coal miner JSW continues its talks with another listed peer Prairie Mining and expects decisions to be made in July, according to JSW CEO Daniel Ozon. If the talks are successful, JSW doesn’t exclude seeking financing on the US market. “The market is always friendly, although some ...

Locked content Two miners dead, three still missing in JSW’s Zofiówka mine

Two miners dead, three still missing in JSW’s Zofiówka mine Search and rescue continues for the three missing miners in the Zofiówka mine belonging to JSW. An aftershock on Sunday afternoon slowed the progress of rescuers, but they continue to move towards the three miners’ last know location. On Sa...

Locked content Tchórzewski: coal share in energy mix to drop to 50% by 2050

The share of coal in Poland’s energy mix should drop to 50 percent by 2050, according to the ministry of energy estimates. In 2015, it stood at 79.1 percent. “We assume that in 2031 this share will be at 60 percent and by 2050 at 50 percent,” Energy Minister Krzysztof Tchórzewski said. He added that...

Locked content Bogdanka to hire 300 miners in 2018

Coal mining company Bogdanka wants to employ 300 new mine workers next year, Bogdanka’s CEO Krzysztof Szlaga said at the Monday Miner’s Day celebration. He said that the company remains to be in good financial standing and that it is planning major investments. “We are increasing employment seeing w...

Locked content Famur buys 65.83% shares in Kopex

WSE-listed machinery producer Famur bought a 65.83 percent stake in rival Kopex from Famur’s majority shareholder TDJ for PLN 204 million, confirming the previously announced deal details. The share price in the transaction stood at PLN 4.17 apiece, and will be financed from the sale of 72.92 ...

Locked content PGG-KHW merger goes through. Secures PLN 1 bln financing

The merger of Polska Grupa Górnicza (PGG) with Katowicki Holding Węglowy (KHW) has been completed, Poland’s ministry of energy said. The decision has been approved by Poland’s antitrust watchdog UOKiK. The government has also finalized agreements with PGG-KHW creditors regarding suspendi...

Locked content Węglokoks won’t partake in the PGG-KHW merger – Tchórzewsk...

Coal trader Węglokoks, which has a 25 percent stake in mining group PGG, will not be an equity investor in the KHW-PGG merger, Energy Minister Krzysztof Tchórzewski said. “Weglokoks will not be an investor in this restructuring as it has tasks related to the restructuring of the steel-works segment,...