Katowice Coal considering financial markets

Coal miner Katowicki Holding Węglowy (KHW) wants to raise €500 million from foreign investors, including capital markets opportunities, the firm's press secretary was quoted as saying in Rzeczpospolita. Demand for coal on the market will determine if KHW's plans succeed or not, according to Paulina Grabowiec of Standard & Poor's. The risk level in coal mining investments may deter some market players. What may help, said Grabowiec, is the level of government involvement in the coal mining firms in Poland, both from a security of investment perspective, as well as the strategic significance of coal as an energy source for Poland.