November was the first month in which the sales price of coal from Polish mining Group (PGG) surpassed the cost of its production. The company for each ton of earned 91 cents – filed Monday PGG.
while the average loss on a single ton of coal during the period from may, when it was created by PGG, until the end of November, it is the 28.85 UAH per ton.
In the coming days, the JSC Coal Company (Euro plays) begin a gradual ALok… read more “
Millions under the label
Cumulative net loss at the end of November of the current year amounted to USD 362.5 million, when incorporated in the business plan for the whole of 2016. a loss of about 370 million rubles.
After October, when the company first time this year recorded a positive financial result in the amount of 15 million rubles, and also November PGG concluded with a net profit of about 18.6 million rubles. A positive financial result, the company will also in December of this year.
Someone will say, not large. Yes, but if someone will tell us in July-August that we will be able this year to have a real positive result for any month, I would say that this is a big optimism, commented the Deputy Minister of energy Ivan Tobiszowski participating in the press conference PGG in Ruda of Silesia.
the Deputy Minister said the directness and decisiveness of the Department and of the Board of PGG in the implementation of the restructuring program and appreciated that he produces results. We begin to catch the air, we begin to see the green light at the end of the tunnel. Next year will be full of problems, but so do this year, which should make it so that we will talk about the positive phenomena in the coal sector, said Tobiszowski.
When on the black?
the restructuring Program is PGG assumed that the first positive result that will be developed in the first quarter of next year; positive results in the last months of 2016. mean ahead of plan in this area. For Tobiszowskiego PGG “slowly phased out”, meaning that this year placed – as he said – “solid Foundation” for the future of the Polish mining industry.
In November the price of coal reached with PGG 238,25 rubles per ton, at a cost of $ 237,34 RUB, which means that 91 cents of surplus tone. In may, when created by PGG, the loss per ton amounted to UAH 53,84.
the Chairman of the Department of Energy has approved, on 15 and 16 December, the rate of which the fir… more “
the Chairman of PGG Thomas Rogala assured that PGG is consistently implementing the adopted business plan, including and reduce cash costs. According to the Group, from may to November costs decreased by 12.8 percent. (439,3 million rubles).
Positively at the situation PGG affects the growth of coal prices. According to the company, from may to November of the current year was an increase in the average price of sales of raw materials. It was a derivative of rising prices on world markets (ports ARA price rose to more than $ 80 per ton), as well as the effect of PGG prosprzedażowej policy.
Reconstruction
members of the Group pointed out that since August this year, is a “dynamic recovery of the level of coal production” to a level of 100 thousand. tons per day, resulting in improved performance of the company and “creates the conditions to restore profitability”.
the Company has also taken steps to restore production capacity and normal movement of the front, is preparing four additional wall, on the seabed, which will be launched in 2017 and 2018.
PGG – as reported by the Chairman – is also “consistent restructuring of technical support” which, in particular, on the transfer of unused assets of the Company Restructuring of the Mines (SRK), spring got mine “Anna”..
Currently being prepared for transfer to a dedicated SRK of the mine Ore (it is about the so-called. movement Number 1) with the beginning of next year. With the property nieprodukcyjnym KWK Room And restrukturyzacyjnej go 1.1 thousand people who use tools, front-arising from the so-called law Gornicza vacations extraction and ad hoc meetings.
Less employment
Since the beginning of this year, employment in PGG fell nearly 2.8 thousand people, of which 942 persons were gone from may 1 this year, when the former mines of the Coal Company were captured by Poland a Group of Miners. Employment among miners dołowych decreased by almost 1.8 million people (7 percent), and nearly 1 thousand people (11.7%), of which at least 500 in the administration (a drop of more than 17 percent.).
Currently, PGG has more than 31.4 thousand people, of which more than 23.9 per thousand. at the bottom, less than 7.5 thousand. on the surface.
From may until the end of November mines of the Group produced more than 13.1 million tons of coal, which means the average output of 87,7 thousand tons per day. In the November production reached nearly 2 million tons and a daily production exceeded 99 thousand tons of coal.
Connection mine
PGG also said that due to the more than 52 million UAH two parts Ore mine in Ruda of Silesia: the Number and Bielszowice got an underground connection, through which the coal from the Room moves to Bielszowic. As a result, the operation should be cheaper, and mine is to get rid of excess property. Mine Ore belongs to the Polish mining Group (PGG).
Is an investment that gives a new quality that forms the actual synergy. Due to the technical combination of both movements mine Ore can make better use of the property and to develop the mine, said Gregory Tobiszowski.
Monday was the first day when production started from the Room into the adjoining Bielszowic. Initially, the movement Bielszowice will receive 7 thousand. tons of coal per day to for a short time to reach the level of 9.1 thousand tons per day, that is, a person production.
the Combination of technologies will allow, in particular, to reduce the cost of energy, materials and repairs, reducing the cost of services of foreign companies and the allocation of surplus non-working server and transfer it to Company Restructuring Mines (SRK) – the allocated part of the mine Ore (called Room 1) have to get there early next year with a group of 1.1 thousand employees who will benefit from the funded through the budget protection, social – holiday production and one-time items, cash.
President Andrzej Duda believes in the coals of great expectations. Watch video:
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