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Newsweek Polska - Poland | Wednesday, September 9, 2015

Polish coal too expensive for global market

The Polish state wants to make Europe's biggest coal producer, Kompania Węglowa, more competitive, among other things by closing down the least profitable mines. The liberal news magazine Newsweek Polska doesn't believe the plan will work: "Of course production costs will now drop from 270 to around 230 złoty (64 - 54 euros) per ton. However that will no doubt be insufficient. Because in the Dutch ports from where the coal is shipped to destinations across Europe the price is around 190 złoty (45 euros). ... That's why no private investors have shown any interest in Kompania Węglowa so far. The negative trend on the markets and the oversupply of coal at home do not bode well for our society, in which labour costs are simply too high. In addition the unions torpedo every attempt to privatise the company."

» To the complete press review of Wednesday, September 9, 2015

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