Boston, MA -- (SBWIRE) -- 02/07/2013 -- 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$12.2bn by 2017, an annual average decline of 2.3% from 2011 levels. 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 (JSW), 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.
View Full Report Details and Table of Contents
The sharp increase of coal prices in recent years has led to renewed interest in Poland's ailing coal sector. One of the most important developments to watch out for in the coming years is the planned IPO of Kompania Weglowa, Europe's largest coal miner with a production capacity of around 48mn tonnes per annum (mntpa). The government announced in March 2012 that the IPO will ideally proceed before 2013 ends.
About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff will help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.
Browse all Materials research reports at Fast Market Research
You may also be interested in these related reports:
- South Africa Mining Report Q1 2013
- Chile Mining Report Q1 2013
- United States Mining Report Q1 2013
- Angola Mining Report Q1 2013
- China Mining Report Q1 2013
- Congo, Dem. Rep. Mining Report Q1 2013
- Namibia Mining Report Q1 2013
- India Mining Report Q1 2013
- Ghana Mining Report Q1 2013
- Kazakhstan Mining Report Q1 2013