Creation of PGG is part of the mining restructuring program, including in crisis due to the fall in coal prices, the profitability of production costs that do not provide. Company takes over 11 mines, 4 factories and headquarters Coal Company; does not assume the other hand, eg. Company and subsidiaries belonging to the Department of Property Development.
The effect of PGG and investments in mines investors – energy companies and financial institutions – teach more than 2.4 billion zł, of which 1.8 billion zł in cash. This happens more than 1 billion zł from the bond issue.
When more than 13 years ago with five old companies carbon Company was created, mine was 23, 9 plants, mining capacity exceeded 60 million tons of coal per year, and employment was 85 thousand. people.
Establishment Company in February 2003. was also part of the restructuring program in crisis the mining industry; in the context of corrective action was among debt reduction in the mining industry to the state budget and related institutions for approx. 18 billion zł. Thanks to this Company could take – apart from the assets of the five former coal companies – much smaller, but still a huge part of their debt – 3.9 billion zł. They were among the commitments ZUS, local governments and partners. The size of the acquired debt corresponded to the value of the acquired assets.
In the course of its activity Company settled in installments payable (mainly ZUS and mining communities) acquired the coal companies: Bytom, Gliwice, the Vistula, Rybnik and Rudzka. One of the conditions for debt restructuring were ongoing payment of taxes, social security contributions, etc., Which performed their company.
The government program before 13 years was assumed that the Company can not do without public support and the necessary recapitalization estimated at approx. 3.5 billion zł. The process of his transfer – in cash and Treasury-owned shares in companies – lasted several years. KW received, among others, packets of shares of KGHM, TP SA, ZA Pulawy, Traffic, and such. Huta Łabędy. All of these assets has gradually sold, allocating funds to repay inherited debts. In total, the company received in subsequent tranches public support in the amount of 1.9 billion zł.
Gradually Company, which during more than 13 years he guided 11 presidents and coordinators, reduced capacity and reduced the mining crew, mainly through employee attrition on pensions and transfer assets to other entities. The biggest rapid decrease in employment occurred last year, when – as part of a recovery program launched by the new government – the Mine Restructuring Company transferred mines Brzeszcze and Makoszowy (the first one was later bought by a group Tauron) and Węglokoks bought mines Bobrek and Piekary; together with companies from the KW gone more than 11 thousand. people. In the spring of 2016. SRK went to mine Anna (part of the mine Rydułtowy-Anna), with more than 1.3 thousand. Company employees.
In the past 13 years there has been a call for some of the mines, so that formed the so-called. dwuruchowe mines. They were closed primarily those plants or parts of mines, where he finished coal. Silesia mine in Czechowice sold a few years ago, the Czech investor. Less than two years ago, the mine Knurów-Szczygłowice for approx. 1.5 billion zł bought Jastrzębska Coal Company.
Connect mines also assumes a business PGG – from July 1 of the existing 11 mines to remain five: Bielszowice-Halemba-Room in Ruda Slaska, Piast-Ziemowit in Bieruń and Lędziny, Marcel-Chwałowice-Jankowice-Rydułtowy on earth Rybnik, and Boleslaw bold in Łaziska Upper and Sośnica in Gliwice – the latter mine last year brought more than 120 zł losses for each tonne of carbon – the highest in the Company. Total debt KW is approx. 8.5 billion zł, of which approx. 3.5 billion zł to subcontractors; the debt will take over the PGG.
mining area mines PGG is a 465 km sq. in nearly 40 municipalities and the so-called. operative, that is possible to provide potential and mining, coal reserves are estimated at 1 billion 313.6 million tons. The average life of mine is 35 years – to make it longer, you need to invest in new deposits. The mines PGG work an average of 34 wall mining; the average depth of exploitation is almost 730 meters, and the deepest parts of decks are more than 1,100 meters underground. Mines benefit from 62 wells. Underground working 24.8 thousand. miners.
contained with the union agreement provides that in the near future the company may voluntarily leave approx. 4 k. people who benefit from social protection. With the work has to leave the approx. 600 people with pension rights. Thus, the number of employees of the company will be reduced to approx. 28 thousand.
From the mines included in the PGG comes roughly a quarter of the coal produced in the EU. In 13 years the mines Company unearthed more than half a billion tons of raw material. Only in 2011-2015 to the state budget and institutions parabudżetowych of KW received approx. 18.5 billion zł.
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