Poland imports Russian coal

24-07-2007, 13:01

Warsaw (Puls Biznesu) – A new record of coal imports will be hit this year. Polish mines may suffer but the clients will save a lot.

“Imports of Russian coal to Poland and Europe keep growing”, Leon Kurczabinski, KHW coal holding analyst said.

Poland is EU biggest coal producer but its market position has been decreasing in the last years. On the one hand, capacity falls because there are no investments in the mines. On the other hand, imports from the East, and especially Russia, are very competitive.

“Coal imported from Russia costs PLN 160-180 (EUR 42.6-47.9) per ton while the coal produced by Polish mines coasts PLN 230m”, Leon Kurczabinski explained.

Experts point out that the Russian coal has low sulfur level and is more effective.

Last year, 5.3m tons of coal have been imported to Poland, or 1.9m tons more than in 2005. An average Polish mine produces 1-1.5m tons annually. At the end of April, coal imports exceeded 2m tons. Experts expect that this year, the imports will hit a new record of 6m tons.

Private companies import coal, including Krex. The Ministry of Economy forbid state-owned Weglokoks to do it. According to “PB” sources, Polski Koks (PK), a company from JSW coal group, plans to import coal in the near future.

(PLN 1 = EUR 0.266)

 

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