Locked content Prairie Mining gets cash injection

The shareholders at WSE-listed Prairie Mining Ltd agreed to boost the company with additional $83 million from CD Capital private equity fund, a press release read. The funds will support the project of constructing a coal mine in Lubelskie voivodship. A few months ago, PD Co, owned by Australian Pr...

Locked content Enea will not raise bid for Bogdanka

The price offered for private coal miner Bogdanka by power company Enea is “final” Parkiet daily reported citing Enea’s CEO. Krzysztof Zamasz. On Monday, Enea announced that it wants to buy a 64.6 percent stake in Bogdanka, valuing the stake at PLN 1.48 billion, thus PLN 67.39 a sh...

JSW CEO resigns

Edward Szlęk, the executive chief officer at Jastrzębska Spółka Węglowa (JSW) miner has stepped down due to a health condition, a company press release read.

Locked content Treasury Ministry: No changes in power firms management

Poland wants no changes in the managements of power firms, but expects them to get involved in the restructuring of the coal mining sector, Treasury Minister Andrzej Czerwiński told the Polish Press Agency (PAP). “From our part, there are no actions aimed at replacing [managements in power fir...

Enea terminates deal with Bogdanka

Enea Wytwarzanie, included in Enea energy group, has terminated a long-term deal with miner LW Bogdanka, due to high price of coal, the firm informed. Bogdanka hopes for establishing a consensus with Enea, Parkiet daily reported citing the miner’s CEO.

Locked content Enea may invest in Polish mining

Krzysztof Zamasz the CEO at Enea told Parkiet daily that his firm is looking for some acquisitions, according to the newspaper, two mining companies LW Bogdanka or Katowicki Holding Węglowy (KHW) may be considered. “We are analyzing various scenarios, and I would be an irresponsible manager if...

Locked content JSW maintains its 2015 output target

WSE-listed miner JSW produced 7.7 million metric tons of coking coal in H1 2015 and has maintained its 2015 coal output target of 16.4 million tons, the company said on Thursday. The company said that the bulk of its production in the first half of the year was the coking coal, which stood for 5.4&#...

Locked content Tauron calls for a tender for Brzeszcze mine

Polish power company Tauron Polska Energia has decided to bid for KW Brzeszcze mine on conditions that mining restructuring vehicle SRK will call a public tender and will conduct restructuring program of the mine’s assets before an agreement will be signed, Wnp.pl reported. SRK is mulling hold...

Locked content JSW to be energy self-sufficient

After the construction of two new power units in 2017, Jastrzębska Spółka Węglowa (JSW) is to be self-sufficient with regard to energy production for its own needs. JSW is a coal company operating in the Silesian voivodeship. Currently, the company’s power production capacity is at 160 MW and ...