Tuesday, July 26, 2016

Grzegorz Tobiszowski until the end of the year a new draft program for the mining industry – Onet.pl

 
  Photo: Fig. Grzegorz Celejewski / Agencja Gazeta
 
 
  Grzegorz Tobiszowski
 
 
 

– today launch our team to develop the program for the coal sector for the period 2016-2030 (…). According to the schedule we will try to make it to the end of the year, followed by a program approved by the tripartite group could be submitted for approval to the Council of Ministers – Deputy Minister said.

Previous program for the mining industry covered the period up to 2015. Although the duration of the accompanying program called. mining law has been in many respects extended, the representatives of the Ministry of Energy indicates the need to create a new program that will determine the future of the Polish mining industry, also in the context of national energy policy.

Official inauguration of work on a new program was a meeting of the tripartite team. social security miners. Tobiszowski stressed that not coincidentally held them in Katowice – the idea was that in the capital of Upper Silesia to start work on a new program for the sector.

Deputy Minister said that the starting point for the work of a 10-person team will diagnose the current state of the mining industry, presented during the meeting. Currently, coal companies, affected by low coal prices and problems with liquidity, implement recovery programs.

Tobiszowski expressed I hope so prepare a schedule of work of the team to the end of the year it was possible to develop the program. He recalled that in parallel in each of the coal companies is carried out – as he said – “intensive dialogue” about the current activities of these companies; Moreover, the Polish Mining Group begin negotiations on a new collective bargaining agreement, which then has become a model for other mining companies.

Participating in the meeting trade unionists pointed out that at present the mining environment is a lot of concern about the future of the mines – in the context of the transfer to the Company Restructuring mines (SRK) to extinguish mining is mentioned not only mine room, but also eg. mines Sośnica and Rydułtowy in Polish mining Group, Krupiński in JSW and Silesia (part of the Wujek mine) in Katowice Coal Holding. The authorities of these companies have not confirmed yet such information.

– Asking these different names, there are speculations that aggravate uncertainty and nervousness in the mines. There is a psychosis of mine closure, which led many workers to declare desire to leave their jobs – said the deputy head of the Trade Union of Miners in Poland Waclaw Czerkawski; a total of declarations of voluntary transition to SRK to make use of the social protection, submitted in three companies approx. 9.3 thousand. people.

According Czerkawski officials need to determine how they see the future of individual mines – especially those achieving poor results .

the head of the Polish Solidarity Group Mining Boguslaw Hutek, when asked whether the unions see the space to talk about transfer following the Group’s mines to SRK, recalled that in April an agreement, according to which PGG was established in may of 11 mines and four plants Coal Company. – Then, it was time to talk; we were assured that the business spans of 11 mines – said Hutek.

Leader August 80 Boguslaw Ziętek admitted that part of the mine is in an extremely difficult situation, but stressed that it should be seen in the context of the situation throughout the mining companies, which include these mines – and look for them effective remedial solutions.



Tobiszowski: KHW assets and investors’ funds created Polish Coal Holding

– Restructuring KHW (KHW) will by contributing its assets and funds three investors to special purpose company under the name of Polish Coal Holding (PHW) – said Deputy Minister of energy Grzegorz Tobiszowski.

the restructuring of the holding company are involved Węglokoks and Enea, and a third investor – a company owned by the State Treasury – the name of the deputy minister did not betray. Decisions on this matter are to be made at most within the next week and a half.

Before the session the team Tripartite Committee. Safety social miners in Katowice Deputy Minister said that the decision on the path of restructuring KHW fell yesterday, when it was established that this will be done not through the recapitalization of the holding, but by bringing the selected assets and investors’ funds to the new company – as was the case with the restructuring of the Coal company whose mines were contributed to the Polish mining Group (PGG).

Tobiszowski announced that in addition to mines KHW, the new company will also holding the Shared Services Centre and the Katowice Coal company, which sells raw materials from mines holding company. In contrast, investors have to bring to the new entity for a total of approx. 700 million zł, of which a maximum of approx. 150 million zł falls on Katowice Węglokoks and 200 million zł for the new investor, whose name is not yet known.

Deputy Minister reiterated the earlier information that the size of the necessary funds to the holding company, previously estimated at approx. 300 million zł, is now estimated at 700 million zł. And Węglokoks, who had previously declared commitment to this project approx. 300 million zł, the analysis is able to put 150 million zł. In conjunction with the investment plans of energy company Enea prompted the Ministry of Energy to seek a third investor who will support the restructuring of the holding company.

– We are having talks with two management KHW, Węglokoks and Enea (…). We thought earlier that if Węglokoks enough, it does not necessarily need to be Enea; Today we know that Enea must be involved (…), but it also has a certain investment plan, so we do not want Enea so strongly involved in the project and would consider holding a third party – explained Tobiszowski, confirming that it is a company belonging to the Treasury .

– Another week, up to one and a half – the time when we decide which entity would be to (involvement in the holding) the best and which is able to engage at the level of 200 million zł, because of such sizes are talking, and at the same time that he had no problems in the future when it comes to its functioning – the Deputy Minister added.

the repair process of the holding is to be modeled on mechanisms already used at the handover of mines Coal Company to Polish Mining Group. Until the middle of next year, Polish Coal Holding has also be brought belonging to Węglokoks company Węglokoks country in which the mine operates Bobrek Piekary; then Węglokoks increase its share in the PHW. Is created already plan investments necessary in the mines holding company. Another key issue will be discussions with the banks on the repayment of debt KHW.

– must begin the process of talks with financial institutions in order as in PGG move repay the debt, especially redemption, for the period 2020 could 2,021 years – said Tobiszowski, indicating that the model of financial restructuring mechanism will be used in PGG, especially that with the exception of one bank, holding credited by the same institutions as PGG.

Composed of four mines of Katowice Coal Holding is one of the three largest mining companies; It employs nearly 14 thousand. people. In May this year, when the energy minister Krzysztof Tchórzewski presented the results of the audit KHW, representatives of the Ministry assessed that the company needs estimated at over 500 million zł recapitalization, restructuring, reaching three billion zlotys of debt and organizational changes to improve performance. KHW cumulative loss since 2011. Nearly 1.5 billion zł – the red mines are Murcki-Staszic and uncle. In contrast, the incidence issued by holding bonds is 2,018 years.

According to the conclusions of the conducted spring KHW audit would have to connect with each other some mines to target the remaining four, two – Myslowice-cheerful and Murcki-Staszic. Current Katowice mines uncle and the evening would be included in the mine Murcki-Staszic. Redundant assets holding company is expected to Company Restructuring of Mines, where the crew could voluntarily take advantage of covers provided for in the so-called. Act of mining – mining leave and severance pay. The interest cover was declared in the holding approx. 1.7 thousand. people.

(BB)

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