POLISH COAL MARKET MIDWEEK SUMMARY 39/2016

Czech producer (the one and only) that was supposed to quietly shut down all of its operations, including firing Polish miners, actually might start recruiting new employees, including experienced ones from Poland. In next 3 years 30% of current employees will retire, and the rising coking coal prices gave a signal to maintain the production at a recent levels.

Last month some people were sounding the alarm of possible “coal gap” because of lower production in July, but in August it went back to the level from June – 5.9m Mt, which is 4.6% more YOY and 4.2% more MOM.

Polish Senate gave a green light for the 7bn PLN of public aid be transferred to Polish hard coal mining sector between 2018-2022 (find out more).

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