Published y: Jarosław Adamowski
Investments to rise Polish state-owned coal miner PGG has unveiled plans to invest some PLN 3.5 billion ($930 million) in the years 2017 to 2018, according to senior company representatives.
Speaking at the Polish parliament, Piotr Bojarski, the vice president of PGG, said that 55% of the amount which is to be investment will be allocated to develop new coal deposits, while the remaining amount will be spent on purchases of new equipment and related investments.
In the first five months of 2017, PGG produced some 10.3 million tonnes of coal, and plans to produce a total of 32 million tonnes this year.
Based in Katowice, Poland, and set up in May 2016 with the aim to consolidate the Polish coal mining sector, PGG currently consists of nine coal mines and four special plants, operated by an aggregate workforce of 43,500 employees.