In upcoming days, the GSM of KHW comprising of 7 coal mines, will decide to list the company. The GSM is the Minister of Economy in case of this mining holding. The company will this week choose its financial advisor. Newly issued shares will be listed but their value remains secret. The management wants to invest in new fields and upgrade the equipment.
KHW miners support the plans. The debut is planned in the first half of next year. The issue prospectus will be ready in fall. In 2007, the company had PLN 22.9m (EUR 6.8m) of net income. This year, it should increase it to PLN 60m. Coal production is planned to amount to 16.4m tons, and be 10 percent higher than in 2007.
(PLN 1 = EUR 0.295)