Tauron mulling coal mine purchase

Major Polish power group Tauron may consider buying the Bolesław Śmiały coal mine from troubled coal giant Kompania Węglowa, the company’s CEO Dariusz Lubera was quoted as saying by Reuters. “This is a potential possibility, because one should remember that development of our electricity production potential will require increased coal supply,” Lubera said. Last week, shares in the company fell after a comment from a deputy economy minister suggesting that Poland’s major utilities could buy coal mines from Kompania Węglowa as part of a rescue plan. Deputy Treasury Minister Rafał Baniak later denied there was such a plan.