PGE may engage in troubled Polish mining

Poland's largest utility PGE may include restructured coal mines in its group, Reuters reported citing PGE's CEO Marek Woszczyk. Asked if he considers including hard coal in the company's value chain he said: "If we are able to build this value chain according to a similar model as with lignite, then why not." However, restructuring is key here," he stressed. PGE owns a lignite mine near its power plant in the city of Belchatow, located in the Łódzkie voivodship. The Ministry of the State Treasury, which manages the mining sector, has already offered state-controlled blue chip companies an opportunity to acquire unrestructured, loss-making mines but there was little interest shown, only Tauron is currently bidding for Brzeszcze mine.