Polish Mining Giant JSW keen to partner in Debiensko mine project
As the new Polish Government continues to progress towards restarting domestic coking coal mines, WNP Finanse reports that Polish mining giant JSW (Jastrzębska Spółka Węglowa) is set to enter refinancing talks in February, with potential partners including EIB and Chinese banks.
JSW’s President Ozon said the company would also be looking at dividends, although that decision would depend on several factors: employee expectations, shareholder expectations, investment needs and prospects related to debt refinancing and obtaining favourable long-term financing.
Referring to the construction of a new coking coal mine in the region, as stipulated in the governmental Program for Silesia, the chairman reminded that the Dębieńsko deposit in question is currently at the discretion of a private company, Prairie Mining #PDZ. Ozon said JSW “are waiting if there is a possibility that we could potentially join the project in some way”. He added that in his assessment, “there is a place on the European market for coking coal from the new mine.”
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