Thursday, February 25, 2016

Kopex 3-4 million tons of coal a year from the new mine; 1.3 thousand. jobs – Onet.pl

Currently, parallel to the efforts of the concession for the operation and to obtain the so-called. environmental report, does the procedure related to the voting on the local spatial development plans of municipalities.

Also by the end of 2016. investor wants to be ready so. report JORC 2012 or documentation of coal resources in accordance with international standards – this report is one of the criteria for assessing the profitability of the project by the banks and financial institutions.

work on the project in progress since 2011. Established for its implementation, the company Kopex-Ex-coal prepared recently brochure addressed to residents Przeciszów in the district of Oswiecim, where the mine is to be built. Its mining area is to cover the municipality Przeciszów, Polanka United and Oswiecim.

Although the project is at the moment in phase preparation, from June to December last year, the company has already conducted initial recruitment campaign, for determining the potential of the available crew and its qualification. Approx. 1.3 thousand. jobs received over 3 thousand. surveys, including the planned 744 posts mining – 790 entries.

In the summary of the survey representatives of the investor for They recognize positive information about 193 pupils and students of mining fields who can provide continuity of employment of personnel mines. Moreover, many surveys show that the applicant show a willingness to retrain for competitions mining. In several surveys concluded was the declaration return from abroad if there is a mine. Despite the end of the shares, the company still receives another survey.

Data from the investor that in the deposit Oświęcim-Polanka 1 is located approx. 534 million tons of high quality coal, of which approx. 97 million tonnes is called. operative resources, that is possible to make and cost-effective production. The extraction of 3-4 million tons of coal per year, this means approx. 30 years of the plant.

The operation has be conducted at a depth of 250-650 m. it is to be without mine shafts, and the deposits are to lead the so-called three. conveying declines – the walkways connecting the bottom to the surface. Such a system minimizes the negative impact on the production surface. Also used operating system has, among others, minimize shock. In 99 percent. operation is to be conducted under the fields, meadows and forests.

Kopex Group, which prepared the project of construction of the mine Przeciszów , is a manufacturer of machinery and equipment and service provider for the mining of coal and lignite. Supports investment in the mining industry in Poland and Europe and major mining markets of the world: Russia, China, Australia and South Africa.

On Thursday, the group announced its results for the previous year. After four quarters of 2015. It reported a 497.6 million zł net loss on revenues in excess of 1 billion zł. The deterioration in results was primarily due to lower operating income and taken in the fourth quarter write-downs on non-financial assets – their total value at this time is almost 368 million zł.

“While this economically justified accounting treatment affects the financial results, it does not have the character of money, that is not directly affected by a reduction in the cash held by the group” – commented board member and chief financial Officer Krzysztof Zawadzki Kopex.

As the company said, difficult situation in the mining sector, affecting directly the situation Kopex financial group, has contributed to the adoption by the board of steps to carry out a thorough restructuring of the group to improve its efficiency.

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