Monday, November 21, 2016

Almost 8 billion rubles for mines. Brussels needs to control costs – Republic

the Approval of the EC help for Silesian mines does not automatically mean the consent of Brussels to any idea of the Polish government on the question of restructuring of the sector. This also applies to the connection plan of the Polish Group of Mountain Per. with the Holding of the Coal industry.

This scenario is taken into account, – declared the Minister of energy Krzysztof Tchorzewski, confirming earlier reports of the “Republic”.

help for closure

But this project was not yet represented in Brussels. – Was not notified about a potential merger. And therefore, we cannot assess for the presence of the rules prevailing in the EU – we hear a source close to the EC.

about the released on Friday of the state through the General Directorate for competitiveness KE is to ensure that he remains in constant contact with the Polish authorities. But the fact that funds were provided only on the closure of unprofitable mines and reclaiming the land after them, and a significant portion of the money will be spent on protection of the population of former miners. This means that Brussels will not cease to watch our government in his hands.

– we will Continue to closely monitor the restructuring of PGG, KHW and the Euro plays – says our source in the EC.

Resort energy among the mines that could use the help lists Makoszowy that are already in the Company of the restructuring of Mines (reference only until the end of this year), and rates transferred this year (Jas-Mos, Anna) and provided for transmission in 2017. (Number And, Sosnytsia, Rydułtowy, Silesia, Krupiński).

Good time

If not for this assistance, the month extraction it would be like our yards – compares Alexander Ziętek, the President of the Gao August 80. Knowing the ratio of EC to carbon, expecting, however, to throw over Brussels “of the logs under his feet” with the possible merger.

according to Yuri Markov, b. Deputy Minister of economy, today the President of Silesian Coal, there is no threat to competitiveness. Because the potential of KHW and PGG will be less than the holding for several years.

ultimately, there will be two mines of the first company and five on the other, while production is expected to decline to 40-50 million tonnes a year. Yet the question remains, how to do it and what role in this puzzle game will have investors (ENEA, TF Silesia and Węglokoks should give 700 million rubles, the details of this week). In most of the PGG there is a fear that the purchase of debt KHW – projected at 2.5 billion rubles – would kill the company.

according to experts, even on far-reaching steps to restructure the companies is favourable. Because not only the agreement of Brussels for assistance in the liquidation of the mines, but their crews are, in practice, use of the facilities that bellow, with far-reaching spolegliwości relations. Also help the growing coal prices.

– If the situation on the coal market, our company, the mining will not take advantage of the situation and will not adjust the cost of production, this is another Yes, the opportune moment to restructure will appear only after several years, – says Eugene Bobrowski with DM BDM. Afraid however in the opposite situation, when mines with rising prices for fuel, will begin to relate and will have more pressure and momentum for improvement. It can revenge a few years when again there will come a hole, adds Bobrowski. The comfort of availability of money may slow down the process, interfere in the Markowski.

Such trends are already visible. Not all of them would see Sośnicę in SRK. Mine PGG got a second chance. If you show improvement until the end of January, it will be in the group. If the September test don’t fell well, then in October-November – as we hear – investment in new walls bring effects. But it is to prolong its agony doing that will greatly increase projected for this year, the loss of PGG.

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