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 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 Poland to build more coal mines

In a move which bucks the global trends, Poland will build/restitute two coal plants for some PLN 6.8 billion combined, according to a new government plan for the Silesia region. One mine, where coking coal will be extracted, will be built on an infrastructure of one of the mines closed in years 199...

Locked content Enea wants to increase its coal reserves by 200-350 mln tons

Coal miner Bogdanka, a unit of power group Enea, expects to increase its recoverable coal reserves by 200-350 million tons of coal if it obtains a mining license for Ostrow deposit, the company informed in a statement. Currently, Bogdanka owns 230 million tons of coal. Bogdanka could thus extend its...

Locked content Ministry of Energy to introduce a fee for non-EU coal imports

“Poland’s Energy Ministry wants to implement systemic changes to the Polish coal market, including introducing a fee for non-EU coal imports,” proclaimed deputy Energy Minister Grzegorz Tobiszowski on Wednesday. According to Grzegorz Tobiszowski, the Ministry of Energy intends to b...

State-owned utilities to finance PGG coal group

On Tuesday, coal group PGG signed an agreement with the largest coal company in Poland and Europe – Kompania Węglowa (KW). The agreement was the last stepping stone needed for PGG to start its operations. It will be funded by state-controlled utilities.