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The Warsaw Voice » Business » December 12, 2017
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Mining business
December 12, 2017   
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Poland's biggest coal miner PGG met just 75% of its 2017 output target due to insufficient investments as mining machinery manufacturers are struggling to cope with higher orders, daily Parkiet writes citing own sources.
PGG will face shrinking output for at least two years if it fails to meet its investment plan for 2017, brokerage DM BZ WBK analyst Pawel Puchalski comments.
Coking coal miner JSW saw its 9M investment outlays drop by a tenth y/y to PLN 483.5 million while coal miner Bogdanka drilled 22% more excavations but plans to maintain annual output at 9 million tons in 2018. The Polish mining sector should increase investment spending next year after trimming 10M outlays to PLN 1.02 billion in 2017 from PLN 1.06 billion in the prior year period, experts believe.
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