Brzeszcze mine to to be auctioned
12:52
Wnp.pl web portal reported that state owned mining restructure company (Spółki Restrukturyzacji Kopalń - SRK) will auction the troubled Brzeszcze coal mine in order to satisfy demands by potential buyer- power utility Tauron.
Tauron said that it want to buy the miner through a public tender to avoid the risk of returning public aid, should the aid be declared unlawful. The company also wants to cut employment to some 1,500 from 2,000.
Tauron signed a letter of intent with SRK on cooperation over a potential purchase of unprofitable Brzeszcze coal mine on May 15.
