Poland launches Polish Mining Group

Written by on April 27, 2016 in Europe - Comments Off on Poland launches Polish Mining Group

Representatives of mining and energy companies as well as banks and financial institutions signed a deal on April 26 2016 founding the Polish Mining Group (PGG) in an effort to save the country’s ailing coal-mining sector.

Prime Minister Beata Szydło and Energy Minister Krzysztof Tchórzewski attended the signing of the deal in the southern city of Katowice.

It’s a symbolic start of the biggest coal producer in the EU, which will take over 11 mines owned by a defunct group Kompania Weglowa’s (KW), whose debts total nearly 8.5 billion zloty.

For the full story, please visit The Warsaw Voice.

(Photo: John Nyberg/sxc.hu)

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