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...

PGG to extract nearly 31 million tonnes of coal in 2018

Polska Grupa Górnicza (PGG) intends to extract almost 31 million metric tonnes of coal in 2018. By mid-year, the volume of extraction reached 14-15 million tonnes – Deputy Minister of Energy Grzegorz Tobiszowski said on Monday. Last year, PGG closed coal production at 30 million tonnes.

Locked content PGG with PLN 2.5 bln CAPEX

State-owned miner Polska Grupa Górnicza PGG plans to spend PLN 2.5 billion this year on investments, with half of the funds being earmarked for launching 50 new mining walls, the company announced. “Today the situation of the company is stable, the company does not generate losses, on the contrary, ...

Locked content PGG signs PLN 2.2 bln coal supply deal with Tauron

WSE-listed electricity provider Tauron signed a PLN 2.15 billion deal with coal miner PGG on coal supplies for the 2018-2021 period, Tauron said in a market filing. “The price of coal was determined for the first annual period of the contract, while in subsequent years it will be indexed based on th...

Locked content PGNiG, JSW, Tauron, PGG sign methane production deal

WSE-listed, state-owned companies PGNiG, JSW, Tauron, and PGG signed a framework agreement to develop methane production from coal beds. PGNiG alone plans to spend PLN 300 million within the next three years on the project. The companies hope to increase domestic natural gas production, reduce the c...

Locked content PGG to be turned into joint-stock company in 2018

State-owned miner Polska Grupa Górnicza (PGG), will become a joint-stock company at the beginning of 2018, the company said in a statement. It currently operates as a limited liability company. The decision was approved by all of the PGG shareholders and proper motion has been filed in registry cour...

Locked content PGG not to meet 2017 production target – Tchórzewski

Poland’s largest coal miner, state-owned Polska Grupa Górnicza will likely fail to meet its production target for this year set at 32 million metric tons. However, it should exceed the 30 million tons mark. “Daily output is growing, I think the output will exceed 30 mln tons, but hard to say h...

Locked content PGG with PLN 8 mln net profit in H1

State-owned coal miner Polska Grupa Górnicza (PGG) had a PLN 8 million net profit in the first half of 2017. The company had PLN 83 million net profit, which was offset by the assets acquired from the Katowicki Holding Węglowy (KHW) which came in with PLN 75 million loss. The EBIDTA result for the e...