September 24, 2019 / 8:27 AM / a month ago

Czech EPH looks at Polish troubled coal mine Janina - DGP

WARSAW (Reuters) - PG Silesia, the Polish mining business of Czech energy group EPH, is interested in buying the Janina coal mine from state-run utility Tauron (TPE.WA), Dziennik Gazeta Prawna daily said quoting unnamed sources.

Tauron, which is the most indebted of Poland’s energy groups, said in May it was considering selling Janina - one of its three coal mines - as part of a plan to shift to greener energy and reduce carbon emissions.

The Dziennik Gazeta Prawna newspaper said that coal production at Tauron’s mining unit is expected to fall by 1.2 million tonnes this year from around 5 million tonnes in 2018.

Tauron will have to write down the value of its mining unit by 269 million zlotys ($67.32 million) in its financial report for the first half of 2019, the newspaper said.

A PG Silesia spokeswoman declined to comment.

Reporting by Agnieszka Barteczko, editing by Louise Heavens

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below