PGG records increase in profits, plans to trim costs

Poland Mining Group (PGG) reported a positive financial result in December, the company said in its Twitter statement on Friday. “For the third consecutive month, PGG recorded a positive financial result, earning [profits] on each ton of coal sold,” part of the statement read. In December of 2016, Energy Minister Krzysztof Tchórzewski had reported that PGG recorded a small increase in profits in October and November. Later this month, PGG plans to begin the transfer of part of its operations from Chwałowice to Jankowice, a move which the company indicated will make it possible to further reduce costs. “By combining both movements […] we will reduce the processing costs of coal,” PGG said in a press release.