Locked content PGG with PLN 890 mln CAPEX for this year

State-owned coal group Polska Grupa Górnicza, will invest PLN 890 million this year on new coal deposits, improving coal quality and raising production efficiency. In 2016, the company spent PLN 413 million on such projects, the company said. The group has increased the number of longwalls to 43 fro...

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.

Locked content PGE, Energa and PGNiG Termika invest PLN 1.5 bln in coal group PGG

Polish Energy Group (PGE), Energa, and Polish Petroleum and Gas Mining (PGNiG Termika) intend to invest PLN 1.5 billion in coal group Polska Grupa Górnicza (PGG). Energa is ready to invest up to PLN 600 million, PGE up to PLN 500 million, while PGNiG Termika up to PLN 400 million, the filings indica...

Locked content Kompania Węglowa recalls president

The supervisory board of Kompania Węglowa has recalled Krzysztof Sędzikowski from his position as president of the company and nominated board member Tomasz Rogala to take his place as a caretaker for three months, the Ministry of Energy announced on Thursday. The move is part of a wider government ...

Locked content Polska Grupa Górnicza to launch by July

Polska Grupa Górnicza (PGG) which will comprise 11 mines is to be established by May 1, the Ministry of Energy reported. The government wants it to be profitable in 2018. PGG is the new name for Nowa Kompania Węglowa. According to the Ministry of Energy’s plans, the new entity is to be created...