Locked content Enea wants to buy imported coal from Węglokoks

WSE-listed, state-owned utility Enea is in talks with state-controlled coal trader Węglokoks to buy imported coal, Enea’s CEO Mirosław Kowalik said, adding that the company is not currently facing a supply deficit. “At present, we don’t see a need to import coal, but Węglokoks came to us with ...

Locked content Węglokoks won’t partake in the PGG-KHW merger – Tchórzewsk...

Coal trader Węglokoks, which has a 25 percent stake in mining group PGG, will not be an equity investor in the KHW-PGG merger, Energy Minister Krzysztof Tchórzewski said. “Weglokoks will not be an investor in this restructuring as it has tasks related to the restructuring of the steel-works segment,...

Locked content KHW to get a PLN 500 mln contribution from Enea and Węglokoks

State-controlled power company Enea, state-run mine Węglokoks and investment entity TF Silesia will invest in coal mine Katowicki Holding Węglowy’s (KHW), making a total pool of PLN 700 million, the companies informed. Enea agreed to contribute PLN 350 million, while Węglokoks will invest PLN ...

Locked content Węglokoks to invest PLN 300 mln

Węglokoks Kraj will invest some PLN 300 million in its Boberek-Piekary mine to enrich the coal and increase efficiency, according to the company. In order to achieve the assumed objectives, Węglokoks will use a new exctracting system, dubbed “room and pillar”, which will prolong the mine...

Locked content Mariner will not acquire Port of Gdańsk

Poland’s Ministry of State Treasury, the owner of Port of Gdańsk Cargo Logistic (PGE) did not allow Mariner, Malta’s developer and operator of sea terminals, to buy the port’s shares, Puls Biznesu reported. The ministry has not revealed the reasons for its decision. The consortium ...

Locked content Kompania Węglowa sells four mines to Węglokoks

Polish mining company, Kompania Węglowa (KW) and Węglokoks’s subsidiary, Węglokoks Rybnicki Okręg Wydobywczy (ROW) signed an initial conditional deal in line with which KW will sell four mines to ROW, the press reported. According to the agreement Kompania Węglowa will receive a deposit. The a...
Image : Kompania Węglowa

PIR may help Węglokoks take over mines

State-owned investment vehicle Polskie Inwestycje Rozwojowe (PIR) may be involved in the financing of the takeover of coal mines by Węglokoks from troubled Kompania Węglowa, Deputy Treasury Minister Wojciech Kowalczyk was quoted as saying by the Polish Press Agency.

Locked content Węglokoks to buy coal mines this year

Coal exporter Węglokoks plans to finalize the acquisition of four or five mines from troubled Kompania Węglowa before the end of this year, the company’s spokesperson Marzena Mrozik told the Polish Press Agency. In September this year, the two companies signed a letter of intent on the takeove...

Locked content Kompania Węglowa to sell mines in rescue plan

Poland’s biggest coal mining firm Kompania Węglowa (KW) will sell four unprofitable mines to distributor Węglokoks for PLN 2.5 billion as part of its rescue plan, according to sources quoted by Puls Biznesu. The deal is expected to be carried out in the first quarter of 2015. Węglokoks wants to rest...