- I believe that employees of Krupiński will be received in other mines with open arms. I also believe that with time they will come to the conclusion, that it was necessary and that the prospect of extending the life of the mine for a year, two or even three, is no good for them. They have families obligations, loans - they must plan for the long term. And what would happen to them after 2021? Despite the various plants, different places of work – we create one crew, and the only way to move forward is to move forward together - says Tomasz Gawlik, CEO of JSW.
On December 1, 2016, the Extraordinary General Meeting of Shareholders adopted the final decision on the transfer of Krupiński to SRK by the end of March 2017.
Over the last 10 years JSW has transferred to Krupiński nearly billion PLN. We analyzed a number of scenarios for the mine. None of the analyzed investment options guarantees lasting improvement of its financial results.
The Management Board plans to create a large logistics center of the entire Group at the premises of the mine.
The transfer of Krupiński to SRK and the cessation of mining by JSW means that in fact Suszec municipality will lose income from operating fees, nonetheless property taxes will be paid as long as there will be assets transferred by us to SRK . At the same time, what was repeatedly stressed by the Management Board - none of Krupiński mine workers - including 618 residents of Suszec - will lose work.
The Board needs to look at the company as a whole, taking into account the current economic and financial situation of the Company cannot afford to hold assets that generate losses. It is necessary to invest only in the most prospective mines, which in the years 2019 - 2021 will increase the production of hard coking coal.
