Siltech records profit despite mining crisis

First Polish private mining company recorded a net profit of PLN 300,000 last year. Despite the crisis in the sector, Siltech managed to sell over 170,000 tons of coal. “Fortunately, we took advantage of the good economic situation …  and we implemented necessary investment projects which allow us to operate effectively,” the firm's CEO Jan Chojnacki said. Siltech was established on the foundations of a state-controlled mining company, KWK Pstrowski. It employs 180,000 people.