JSW mine receives financing proposal
16:58
WSE-lister coal mine JSW has received a financing proposal concerning investments at its Krupiński mine from Silesian Coal, a unit of German commodities firm HMS Bergbau, the Polish Press Agency quoted a statement by Silesian Coal.
The HMS Bergbau group has no intention of buying the mine, the statement stresses.
Silesian Coal would like to finance investments enabling access to coal deposits for which Krupiński was granted a concession in 2013, the statement read. The investments will reduce the distance to deposits near Orzesz, for which Silesian Coal is competing, the firm explained.
"The offer would enable JSW to get access to those deposits without any financial outlay," Silesian Coal said.
The proposal would also encompass investments in the modernization of the infrastructure of Krupinski's coal processing plant, which could, in the future be used to process coal mined by JSW as well as Silesian Coal, the statement read.
