POLISH COAL MARKET MIDWEEK SUMMARY 37/2016

Ukrainian DTEK ordered 120k Mt of hard coal. 50k of coking coal from Poland and 70k of anthracite from South Africa. Ukraine import annually 7.7m Mt of coal (mainly from Russia, but also from US and Australia), so it’s just a small delivery (120k Mt of coal is burned in Ukraine every day).

Polska Grupa Gornicza saves money by firing managers and administration. Since 11 mines were combined into 5, company plans to terminate 660 jobs by the end of 2016 and save 61m PLN.

Not only unions are against moving Krupinski mine to SRK, but also local authorities, which points out that this will be tragedy for local community. Meanwhile JSW decided, that the mine will operate until the end of Q1 2017, when it should run out of coal deposits.

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