POLISH COAL MARKET MIDWEEK SUMMARY 48/2015

In the last quarter before official swallowing up Brzeszcze, Tauron Wydobycie managed to increase sales (up to 3.66m Mt comparing to Q3 2014 – 3.53m Mt) and EBIDTA (134.7m PLN in 2015, comparing with 55.3m PLN in Q3 2014). In the 3rd quarter Tauron Wydobycie produced 1.4m Mt and 3.5m Mt in the whole period of first three months of 2015.

Sinking ship called Kompania Węglowa found after all some funds to pay the St. Barbara’s Day bonus (almost) on time. 650m PLN for these allowances will be paid to the miners by two installments (4th December and 1st March). So far Katowicki Holding Węglowy and LW Bogdanka did not mentioned any troubles with paying out the bonuses on December.

As a supplement to the last week’s report on prices and costs in the hard coal mining sector we present you the share of salaries in the total costs in the major Polish hard coal producers: KW – 57%, JSW – 44%, LWB – 27%.

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