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16 Jul
11:09

JSW seeks emergency state funding to battle pandemic

Jastrzebska Spolka Weglowa (JSW) has applied for up to PLN 1.75 billion ($443.7 million) in emergency funding from Poland’s contingency fund to help it combat the effect of the Covid-19 pandemic. JSW saw coal output drop by 1.23 million tonnes between 23 March and end-June compared to initial guidance, as a result of Covid-19-related disruptions. Of the total, 960,000t was coking coal. Overall coal sales in the second quarter fell -10.9% on-quarter and -7.5…
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