– a need for in-depth restructuring in KHW, which is close to 3 billion zł obligations and threaten its liquidity. Without external investments do not come out of this, what resulted in the current price of coal – said on Friday (6 May) in Katowice Energy Minister Krzysztof Tchórzewski.
At a conference for the media at the headquarters of the company discussed the conclusions of social audit KHW, which drew up a month experts under the leadership of Senator Wojciech Piecha. MP praised the company for the recovery program started in 2015.
– It is unique in Polish mining. Thanks to the program KHW is one step ahead of Kompania Węglowa – rated Piecha.
As noted by the President of KHW Zygmunt Łukaszczyk program for 2014-2016 helped save 590 million zł, which means that the production costs of each ton of coal fell by approx. 50 zł.
Mining does not repair pretend
– there are not sufficient to leave the company to profitability. And you can not wait. What concerns us here, to permanently repair the Polish mining, do not pretend, to survive for a while – emphasized Minister Tchórzewski. Firmly he added that Poland (with a 85-percent share of coal in electricity generation) “can not follow the example of our neighbors and even the US, that is, all those countries that are moving away from coal in the energy sector.” (- This is not the fault of the Poles that during the communist Soviet Union focused build nuclear power plants on its territory, leaving us energy of another kind. Fortunately Brussels recently starting to understand now – explained the Minister of Energy).
– As a minister and a representative of the government turn to banks and investors to join the process of repairing the Polish mining industry – appealed in Katowice Tchórzewski.
It will be easier than in KW, but …
recalled that the initial declarations recapitalization KHW made of Enea and Węglokoks, and asked what funding is necessary the company, reported the amount “in the range of 500 million zł” (stipulating that the current estimate of amounts is premature and reference only.)
According to the minister of energy recovery process KHW “will be easier than in KW.”
– remember, however, that the company since 2011. brings losses that are already 1.5 billion zł and the cost of liabilities is 150 million zł. Therefore, we must seize the opportunity of the law on the restructuring of the mining industry by 2019. Which allows you to move less effective components of mining companies to the Company Restructuring of Mines, together with the employees, who are coming to retirement, but – as already agreed, the European Commission – also gives the opportunity to conducted there was still another two years, coal mining, although continuing to decrease – described the minister Tchórzewski.
He added optimistically that the repair KHW hopes to use the experience gained in the coal Company.
Combining mines – synergy
Reporting on the main conclusions of the audit KHW senator Wojciech Health Minister stressed the need to change the organizational and technical, which would consist of creating a complex of mines (mines Uncle and evening to be at the beginning of the linked Murcki-Staszic mine).
– For the construction of larger teams of mine we can achieve synergies and reduce costs – explained the president Łukaszczyk, estimating that the most important corrective actions should be made in the next two months. Two other areas of the plan is the restructuring of capital (ie the acquisition of external investors) and financial (ie program redemptions of bonds whose accumulation will fall on 2018.).
Senator Piech pointed out that although the crew KHW since its formation in 1993. has been slimmed down as much as 30 thousand. employees (with 45 thousand. to 15 thousand. now), it severely affected the working conditions of miners.
Major threats – the low yield
– descend lower and lower, encountering IV methane hazard category III and degree of hazard tąpaniowych. It makes unacceptably high costs are fixed KHW, at up to 80 percent. At the same time too small a capacity, which is now 764 tons of coal per employee per year, and should increase to 800-900 tons. We must therefore step up preparatory work and increase production and productivity – concluded Senator.
He noted that the standards weapons walls mining KHW not differ from modern and efficient mines in the world, China and Russia, however, too small a degree the use of equipment (eg due to high temperatures in the pits, forcing a shortening of working time).
– it seems also that the 223 people employed at its head office KHW a little too much for 4 mines – rated Piecha. He added that another important function of the board of the company will also “carefully analyze each of the third party in terms of whether outsourcing the work does not interfere with the possibility of using its own crew.”
Escape forward – until the end of the year
Deputy Minister of energy Grzegorz Tobiszowski reminded that the restructuring KHW wspisuje in a much larger process of healing Polish mining industry. In the case of KHW must use its specific production of coal, which is still buyers (thick and medium-sized assortments – ed. Ed.).
– We are entering a phase of recapitalization, the company could return to some of the markets for coal, having still buyers. The recapitalization KHW will accelerate the necessary investments. By early next year KHW after the restructuring should be able to join the already healed mines Węglokoks Country – said Grzegorz Tobiszowski.
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