POLISH COAL MARKET MIDWEEK SUMMARY 04/2016

New management and new members in EURACOAL. Zygmunt Łukaszczyk’s term of office expired and his chair will now be taken by Wolfgang Cieslik (Steag). Poland in the Management Board will be represented by Janusz Olszowski, whose Mining Chamber of Industry and Commerce (GIPH) joined the group of member entities. Congrats!

In December we wrote a few words on taxes in the mining sector. On Monday JSW announced, that in 2015 the company paid almost 1.4bn PLN of budget contributions, being valued on the Warsaw Stock Exchange for less than 1.1 bn.

Zdzisław Filip (member of PiS) became today the new CEO of Tauron Wydobycie. Recently Filip worked in Nowe Brzeszcze, where he was responsible for integration the Tauron’s new asset with the company that he now manages. Clear career path in SOEs?

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