PGG not to meet 2017 production target - Tchórzewski

Poland's largest coal miner, state-owned Polska Grupa Górnicza will likely fail to meet its production target for this year set at 32 million metric tons. However, it should exceed the 30 million tons mark. “Daily output is growing, I think the output will exceed 30 mln tons, but hard to say how much,” Energy Minister Krzysztof Tchórzewski said. PGG will also fail to deliver on the CAPEX plan for the year, the official added. Despite the failure to reach the targets, company’s board will not be dismissed. “Both the CEO and the management deserve a positive assessment,” Tchórzewski explained.