Treasury works on privatization scheme for coal mines

"After accepting the mining bill and remitting debts of the sector, now it is time to privatize it," believes Andrzej Szarawarski, deputy Economy Minister in charge of the coal sector. Proposals call for a new way of privatizing among others Jastrzębska Spółka Węglowa (JSW), not as previously envisaged by floating the company on the WSE. The firm would be transferred directly to the coal-coking concern. The concern would be created on the basis of coke trading company Polski Koks whose major investor would be LNM. "We can create the largest coal-coking concern in Europe jointly with LNM," explained Szarawarski. According to analysts, the rush in privatizing JSW and pushing LNM for the investor has no justification, as the coal company has good results and money for investments. (Puls Biznesu, pp. 1, 6) M.M.