Węglokoks to buy coal mines this year

Coal exporter Węglokoks plans to finalize the acquisition of four or five mines from troubled Kompania Węglowa before the end of this year, the company's spokesperson Marzena Mrozik told the Polish Press Agency. In September this year, the two companies signed a letter of intent on the takeover of four coal mines. The deal is part of a restructuring at Kompania Węglowa, the largest coal producer in Poland. “The quicker this is carried out, the better for both Węglokoks and Kompania Węglowa,” Mrozik said. She said that Węglokoks would buy the Jankowice, Chwałowice, Bobrek-Centrum and Piekary mines. It is also considering buying a fifth one, Brzeszcze. The spokesperson added that entering the coal extraction segment is an important element of the company's strategy for 2010-2015.