JSW situation in terms of liquidity is difficult, but under the control of said on Thursday in the Sejm Deputy Treasury Minister Wojciech Kowalczyk.
Government Plenipotentiary for. Mining answered questions about the current situation in JSW and Coal Company Law and Justice deputies asked by Gregory Tobiszowskiego, Grzegorz Matusiak, Piotr Naimski, Ewa Malik and Maria Nowak.
Matusiak Deputy Kowalczyk asked about the difficult situation in JSW associated m.in . measures current company. Deputy Minister reminded that it is a listed company which certain rules concerning, among others to provide information on it – other than companies with 100-percent. the Treasury. He referred, however, to a number of issues raised by Matusiak.
When asked whether JSW speaks or is about to terminate their contracts working for the companies okołogórniczym (which would entail redundancies of these companies) Kowalczyk stressed that this week he met with the association of these companies; Also planned talks on this subject with the board of JSW.
We understand the problem that appeared, and we want to address this problem; also will be a meeting with a representative of the National Economy Bank to discuss the financing of these companies. We understand their hard work and with each of these organizations and companies okołogórniczych, providing services for mines in talks – the deputy minister noted.
Referring to the question regarding rumors about plans to sell assets of JSW’s coking coke and energy Hawks Energy Corporation (SEJ), Kowalczyk pointed out that PIR is during or at the conclusion of the test SEJ to the capital input of more than 230 million zł in its investment (in terms of construction of a new power unit at CHP Zofiówka – PAP). So there is no question of selling (SEJ – PAP) – secured.
Government Plenipotentiary. Mining also referred to questions about the progress of investment in the sinking of the Bzie-Dębina for new deposits of coal mine complex Borynia- Zofiówka-Hawks. This is a strategic investment, mainly for the mine complex. Without this shaft will be very hard to get to 35 hard coking coal. This glass – according to information board that I have – should be ready around mid-2016. – Confirmed earlier statements on this issue Kowalczyk.
Referring to the question of whether there are plans to connect the mines Krupiński and Pniówek , which would aim to extinction Krupiński that brings Overflow in the company’s strategy coal, the Deputy Minister noted, however, that it is not a matter known to him. I do not know what are the specific plans of the board – he said.
“I know, however, that the liquidity situation, although it is difficult, it is under control and according to my information, there is no liquidity risks when it comes to JSW – Deputy Minister treasure.
As regards other issues raised by Matusiak (including whether there is a risk of lack of money for the payment of so-called. Barbórka in December. If true are the following information: planning by the company cuts wages by 30 per cent., Planning salary reductions in subsidiaries and planning of parking on Fridays for government employees and employees who are not linked directly to mining) announced Kowalczyk addressed to the management board and the supervisory board of the company the right questions.
At the beginning of July. JSW authorities signaled that they are seeking funds to not have problems with liquidity in the fourth quarter.
“Of course we liquidity tensions, liquefaction wrestling, use of extended payment terms. We are looking for support measures to ease the tension of the fourth quarter in connection with the payment of fourteen,” he said on July 8, JSW chairman Edward Szlęk. But then he stipulated that by the end of the year – despite the difficult situation – not assume dramatic things in liquidity.
In the following days, the company announced, among others, about maintaining the policy of limiting employment based on the so-called. leaving the natural (this year this way about 1.7 thousand. people in 2016. by a further 1.2 thousand. people), as well as the will to run a normal coal mining of the top wall on Saturdays (the case is negotiated with compounds).
July 9, JSW chairman also gave the PAP that the mine Krupiński may soon be offered for sale. (PAP)
MTB / mab /
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