– Sales of coal at market prices is the duty of the board of KW and that consistently implements it. The only alternative, with the deepening crisis is the need to restructure Coal Company while maintaining financial liquidity. Otherwise, it would be necessary bankruptcy of the company. This scenario is for the company not acceptable, because it would have resulted in dramatic social consequences, including the loss of more than 40 thousand. jobs, for what the board KW never consent – said the president Krzysztof Sędzikowski Coal Company.
Uploaded on Thursday KW position in reaction to the decision of the board of Lublin Coal Bogdanka. He asked the President of the Office of Competition and Consumer Protection to investigate the application by Coal Company illicit market practices restricting competition.
KW adopted this decision “surprised”. In a statement on Thursday stressed that the current situation is due to the dramatic crisis in the coal market, the effects to date – due to the large scale of operations and the difficult geological conditions found in the Upper Silesian mines – to the greatest extent felt Coal Company.
In this situation – as argued KW – was forced to carbon storage on dumps, restrictions on investment and reduce employment. Other manufacturers, including LW Bogdanka such restrictions without significantly affecting costs as Coal Company, could sell coal and develop production. The deepening of the crisis and the steady decline in coal prices, however, meant that the dramatic situation affected all producers in the industry.
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