Kopex prolongs PLN 359 mln loan from PKO BP

Polish mining equipment producer Kopex has prolonged a PLN 359 million credit line from listed bank PKO BP to August 31, the company said in a market filing. The credit line is available to Kopex and several of its units. Apart from this, the annex follows a similar extension of a PLN 66.2 million credit line from ING Bank Śląski. Kopex is Poland's biggest mining machinery producer.  The company recently said that it had recorded lower revenues and worse financial results, stemming from the unfavorable situation on domestic and global coal markets.