Locked content Government to divide Kompania Węglowa

Assets of Kompania Węglowa (KW), the biggest Polish mining company will be divided into three groups, according to the government’s rescue plan for the struggling sector. Under the plan, KW will be divided. The most profitable nine mines will be transferred into a SPV established by Węglokoks, four ...

Locked content Gov’t restructuring plan set to close 4-5 coal mines – paper

The government is preparing a restructuring program for the coal mining industry aimed at improving its poor condition, according to sources cited by daily Dziennik Gazeta Prawna. As many as four or five mines are to be closed. Another four or five mines will be transferred to the Treasury-owned Spó...

Locked content Katowice Coal considering financial markets

Coal miner Katowicki Holding Węglowy (KHW) wants to raise €500 million from foreign investors, including capital markets opportunities, the firm’s press secretary was quoted as saying in Rzeczpospolita. Demand for coal on the market will determine if KHW’s plans succeed or not, according...

Locked content JSW considering coal mine projects in India

In a meeting in New Delhi, representatives of Jastrzębska Spółka Węglowa talked with Indian government officials. India’s coal needs are very high and this just might be the opportunity for JSW to lend a hand. As Poland’s coal mining industry is facing dire times, activity in places like...

Locked content Krzysztof Sędzikowski acting CEO of Kompania Węglowa

The supervisory board of Poland’s largest coal mining firm Kompania Węglowa has named one of its members, Krzysztof Sędzikowski, as the company’s acting chief executive. The company’s most recent CEO Mirosław Taras was dimissed in November this year. He had been on the post since A...

Kompania Węglowa CEO dismissed

Mirosław Taras, the chief executive of coal mining giant Kompania Węglowa (KW), was dismissed by the company’s supervisory board on Friday evening. The decision stemmed from a review of the company’s financial situation, the statement said.

Locked content Protesters demand Kompania Węglowa CEO dismissal

Protesting employees of coal mining giant Kompania Węglowa are demanding the immediate dismissal of the company’s CEO Mirosław Taras, Polish Radio reported. The protesters named the CEO’s statements at a recent industry conference as the reason behind their demand. Taras criticized the lack of a gen...

Locked content Energy firms may be engaged in coal sector rescue – Karpiński

Treasury Minister Włodzimierz Karpiński does not rule out engaging Poland’s energy sector in the coal mining industry’s rescue plan if it is necessary for the sake of energy security, the Polish Press Agency reported. “The decision will be made by minister Kowalczyk,” Karpiński said, referring to th...