Premier Beata Szydło during the ceremony of the official establishment of the Polish Group Mining Photo: PAP / Andrzej Grygiel
the head of government said that currently the economy is needed to make “difficult but rational and reasonable decisions.” All those who doubt the sense of appointing PGG, called to count how many would cost the lack of agreement on. Group.
– What you say here, people in Silesia, what would you say to miners and finally how you would like to take care of the energy security of Polish – said the head of the government at critics of the appointment of PGG.
Minister: the creation of the Polish Group mining is a success
strong entity mining
– this is an agreement that created a strong entity mining, which will guarantee the development of the Polish mining industry. the basis of the Polish energy sector, it is mainly just going in the direction of strengthening the energy security of Polish – said Awl.
Premier indicated that signed on Tuesday an agreement on the start-PGG does not solve all problems, but it is the beginning of the road. What will happen at the end – she said – will depend on further responsibilities of the parties to the agreement.
Szydło stressed that the strategic goal is to PGG was a modern company, well-managed, profitable, with good prospects.
Prime Minister also expressed satisfaction that the word given by the PiS election campaign to Silesia and the miners now come true. – We keep our word – Awl said.
Launch of Polish Mining Group, the largest coal producer in Europe. B. Awl: This is a historic moment
TVN24
Historic day
Premier Beata Szydło assessed on Tuesday that the start-up of the Polish Group mining (PGG) is a great day and a historic moment for the Polish mining industry. She added that the PGG is to be a modern, well-managed and profitable.
– we will need great determination, consistency, responsibility, reasonable decisions and above all the effectiveness of the action. Such are the tasks of Polish Mining Group. I strongly believe that it will be a modern, competitive entity that will implement modern coal technologies, modern investments – stressed the head of the government, which on Tuesday took part in Katowice in the ceremony of signing the agreement on the establishment of the Polish Group Mining.
Premier stressed that this will be an entity combining Polish technological thought and engineering. – Together we make of what has long been all talk, but somehow no one could lead to the end – said Beata Szydło.
“If it was not eight years of neglect …”
According to the prime minister, “if not eight years of neglect, mining would be in a different situation.” – We would not have to make such a difficult decision, because for eight years in the mining industry nothing has been done, not thought about the future of the mining industry – assessed.
representatives of mining and energy companies as well as banks and financial institutions have signed on Tuesday an agreement on the start-up of the Polish Group Mining; This symbolic start of the company, which will be the largest coal producer in the EU.
PGG means saving many jobs in Silesia
The Minister of Energy Krzysztof Tchórzewski rating on Tuesday Katowice that an agreement on the start-up of the Polish Group mining (PGG) is the saving of many jobs in Silesia – not only in mining but also in companies cooperating with the mining industry.
– it’s not just about these 32 k. jobs in Polish Mining Group, but it comes almost 2.5 thousand. Companies in Silesia, where Coal Company enveloped the money – nearly 3.5 billion zł. Works there almost 100 thousand. people; jeżeliby the money was not recovered, there would be a huge social and economic collapse; could be lost in Silesia more than 100-130 thousand. jobs – the minister said after signing the agreement on the establishment of the Group.
– This is exactly the greatest success – that there are jobs on the one hand, and on the other hand, we will have a stable extraction of coal and stable situation in terms about the relationship energy – security of energy companies that will have a constant supply of raw material – rated Tchórzewski.
a stable energy supply
He reminded that coal comes around . 85 per cent. energy used in Poland, thus the huge importance of security of supply of raw material for energy. As he spoke, the creation of PGG is the first, most important step to ensure that the Polish economy functions well, with a stable supply of energy.
Starts Polish Group Mining
Representatives mining and energy companies as well as banks and financial institutions was signed on Tuesday in Katowice agreement on the start-up of the Polish Group mining (PGG).
This is a symbolic start a company to be the largest producer of coal in the EU.
the agreement was signed in the presence of Prime Minister Beata Szydło and energy minister Krzysztof Tchórzewski, with the participation of trade unionists from Coal Company (KW), who last week signed with management and the Company PGG other agreement, opening the way for the establishment of the group. Accepted in the establishment of a business plan, and agreed to, among others, to suspend for two years the annual bonus payments – the so-called. Fourteenth salary.
PGG will be capitalized
Tuesday’s agreement means the acceptance of the project by investors, who have to bring to PGG capital, and by crediting banks Kompania, m. al. in the form of bonds. In total, the planned total value of the equity investors are more than 2.4 billion zł, and banks, in the form of bonds – more than 1 billion zł.
Among the signatories of the agreement, in addition to the boards of KW and PGG, investors are: PGE Mining and Conventional Power, Energa Cogeneration, PGNiG Termika, Węglokoks, Polish Enterprise Investment Fund (FIPP), the Society of Financial Silesia, as well as banks: Alior Bank, BGZ Bank, BNP Paribas, Bank Gospodarstwa Krajowego, Bank Zachodni WBK and PKO BP. Their signatures under the document filed with the Company or the unions.
The next step will be deeds
Formally Tuesday’s agreement relates, among others, the sale of 11 mines and four plants Coal Company for Polish Mining Group. The next step will be deeds, on the basis of which the property will be transferred to PGG – is to take place in the coming days the Group to be able to start the actual work of the beginning of May. Final agreement between the parties to be included in next Friday.
The final amount is 2 billion 417 million zł
Investors declare the agreement plan to recapitalize PGG on the final amount of 2 billion 417 million zł, including GiEK PGE, Energa and PGNiG Termika 500 million zł, FIPP 300 million zł, TF Silesia 400 million zł, and Węglokoks 217 million zł. In contrast, banks with Węglokoks declare the acquisition of new bonds PGG the amount of 1 billion 37 million zł as a result of the refinancing of the current bond program Coal Company.
Migration employees
We have already more than the entire 32.5-thousandth of the crew Coal company received a guarantee of the transition to the new entity on the principles laid down in Article. 23 of the Labour Code, which is in compliance with all existing rights of employees – both salaries and additional benefits. The exception is suspended for a maximum of two years so. 14. salary, which unions agreed in a separate agreement.
date salary regulations are to apply until the entry into force of the new collective bargaining agreement, which is expected by the end of next year. The system aims to simplify the rules of remuneration and amend the incentive components.
PGG business plan assumes that at the end of next year, the company and the individual mines have operated without a loss – in the past year were profitable only three of the 11 mines Company, and two more were close to profitability. PGG is to improve performance, connect the mines in a more efficient structure, transfer redundant assets to the Company Restructuring Mines (this involves the voluntary departure of approx. 4 thousand. People who will benefit from a shield), as a result, reduce the cost of mining coal. In the course of the mines PGG to bring approx. 28 million tons of this material.
Wojciech Szarama (PiS) of the Polish Group Mining
Wojciech Szarama, deputy of Law and Justice, says PGG first task will be to find new buyers of coal. To this end, it will be important restructuring – after that the costs of coal mining fell – and active export policy.
Polish Mining Group will take over the debt Coal Company, which is estimated at around 7 billion. Therefore, the company will have to deal with the repayment of debt owed to creditors – adds deputy Szarama. In his opinion, interested in the solution of the crisis will also banks, because Coal Company is indebted to them.
“Difficult compromise.” An agreement on the Coal Company
TVN24
IAR / PAP, abo
No comments:
Post a Comment