2014-04-18 23:53:01 - Poland Mining Report Q3 2013 - a new market research report on companiesandmarkets.com
Restructuring efforts in the coal mining sector and a general lack of new base metal prospects lead us to forecast only slow growth in Poland´s mining industry. We expect industry value to grow to US$12.7bn by 2017, a slight increase from 2012 levels of US$11.4bn. This growth will ensure the country remains one of the most significant players in the European coal, silver and copper markets.
Having pumped large sums of money into Poland´s troubled coal sector, the government has cashed in with the sale of Jastrzebska Spolka Weglowa, Poland´s largest coking coal producer. Despite meeting resistance from striking workers in April 2011, the initial public offering (IPO) went ahead once terms were agreed in June. In total, the government is
expecting to raise PLN5.8bn, with one-third of the company to be sold on the open market.
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