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Kompania Weglowa coal miner cuts 2013 production target by further 2 mln tons, Equities News - EquitiesPoland.pl
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Kompania Weglowa coal miner cuts 2013 production target by further 2 mln tons

TAG'S: WADEX, Metals Industry

Polish coal miner Kompania Weglowa will cut coal production targets for 2013 by another 2 mln ton in 2013, now setting its sights on a 34 mln ton target, newly appointed acting CEO Marek Uszko said Tuesday.

 

The firm originally planned to cut output by some 3 mln ton from the over 39 mln ton in 2012, but is now targeting neighborhood 34 mln ton for the year, he indicated.

 

The revised target was subject of a meeting between group management and mine directors Tuesday. Cost cutting and the framework of a restructuring program to 2015 were also on the agenda.

Source: PAP

2013-09-29



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