POLISH COAL MARKET MIDWEEK SUMMARY 13/2016

Deputy Minister of Energy Grzegorz Tobiszowski hopes, that Jastrzebska Spolka Weglowa will manage to unscramble its mess by May/June. According to the agreement with banks, until 30th June JSW has to devise restructure plan so the banks refrain from redemption of bonds.

It seems to be settled who is going to invest in Polska Grupa Gornicza. But to avoid excessive burden of PGE, PGNiG and Energa, Minister of Energy Krzysztof Tchorzewski will pass the hat round twice: second installment will be paid by the end of Q1 2017.

Speaking of installments – on unions request, in February National Labour Inspectorate initiated proceedings against Kompania Weglowa, which might force KW to immediate payment the rest of 14th month’s salary. Apparently, this particular case is so complex that NLI had to extend the proceedings from usual month to 2 months. “Delaying everything everywhere” – the new watchword for the whole industry-related activities.

KOMPANIA WEGLOWA’S VICE PRESIDENT OF THE BOARD FOR TRADE AND MARKETING MICHAL SOBEL IS A CONFIRMED SPEAKERS AT 4TH COALTRANS POLAND (10-11 MAY, KRAKÓW).

Advertisements