Polska Grupa Górnicza instead of Nowa Kompania Węglowa

A company comprising 11 mines will be called Polska Grupa Górnicza, not Nowa Kompania Węglowa, the Polish Press Agency (PAP) reported. "We have changed the name of Węglokoks Rybnicki Okręg Wydobywczy to Polska Grupa Górnicza. It is a so called special purpose vehicle, which will include the 11 mines of Kompania Węglowa under the restructurization program," Jerzy Podsiadło, CEO at Węglokoks ROW told PAP. The former ruling party Civic Platform wanted to name the entity Nowa Kompania Węglowa. Podsiadło did not specify the deadline for the launch of the new company, but he said it could take place by the end of the first quarter. "We would like to create a new company with a connection to the energy sector," Energy Minister Grzegorz Tobiszewski informed in December. Initially, the new entity was to be created by the end of September, however, the state treasury announced that since it "will be formed in a capital structure that will not be questioned by the EC," the entire venture will be delayed. Preliminary sketches of the new draft have already been made, according to the ministry.