Coke and coal consolidation plan changes again

According to the new plan, a holding of the Jasterzębska Coal Company (JSW), Budryk Coal Mine, Coke production plants Koksownia Przyjaźń and Coke Plant Zabrze will be established, as well as a coke dealer for the Polish Coke company. According to Puls Biznesu, Budryk will contribute its shares to JSW. Budryk possesses very good quality coke coal at the depth of 1290m, the extraction of which will require some investment, says Jerzy Markowski, the constructor of Budryk mine. JSW will also receive 73% of the Coke Plant in Zabrze and may receive a 73% stake of the Wałbrzych Coke Plant. At least, this is what the initial plan was, however, it has not been decided yet. The established holding would produce 36million tons of coke a year, have 38% of the domestic market share and 10% share of the European coke market. (Puls Biznesu, p.8) J.L.