Business
14:39 13 January 2025
Post by: WBJ

Private coal mines on the decline against state subsidized mining

Private coal mines on the decline against state subsidized mining
Source: Pexels

Private coal mines in Poland struggle to compete with state-subsidized entities like Polska Grupa Górnicza (PGG), which receive government support despite declining efficiency. The ongoing energy transition and EU decarbonization policies are pushing coal out of the energy mix, raising concerns about job security in private mines. The Silesia mine, owned by Bumech, entered restructuring proceedings, causing frustration among workers due to poor communication. Industry analysts highlight uncompetitive coal prices and market oversupply.

Potential relief could come from increased electricity exports to Ukraine, but this requires exemptions from CO2 emission fees. While some argue private mines are more efficient and can adapt, others warn that without policy changes, many may face closure.

(wnp.pl)


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