PLN 800 mln loss of Polish coal mining sector
14:33
The Polish coal mining sector generated a net loss of PLN 800.6 million in January-April 2015, compared with PLN 452.4 million in the same period last year, according to the Industrial Development Agency (ARP).
"Such a result hasn't been recorded in a long, long time. The situation is very difficult, I would even say - tragic," said Henryk Paszcza, head of the ARP Katowice branch. Data on the Polish coal mining sector shows that the output declined by 1.2 million tons to 22.8 mln tons, but sales grew by 0.6 mln tons to 22.9 mln tons in the period January-April 2015. The average coal price in that time stood at PLN 271.38 per ton, a decline of 3.8 percent y/y.
