Kompania Węglowa

Kompania Węglowa S.A. is the largest coal mining company in Poland and in Europe, producing around 48 million tonnes of coal every year from 23 mines.

Kompania Węglowa

Company type	National holding
Industry	Mining
Founded	2016
Headquarters	Katowice, Poland
Key people	CEO
Products	coal
Revenue	US$ 3.4 billion (2007)
Number of employees	63,800 (2007)

History

On July 12, 1990, the State Coal Agency Joint Stock Company was established from the dissolved Coal Community (WWK).^[1] It was renamed the State Agency for Hard Coal Mining Restructuring on July 12, 1996, and became Kompania Węglowa on December 30, 2002.^[2] The company’s branding was created by Rafał Bogusławski with A.R. Promix. Since April 29, 2016, Polska Grupa Górnicza has managed coal extraction based on Kompania Węglowa’s assets.^[3][4]

Restructuring

On January 7, 2015, the Council of Ministers approved Kompania Węglowa’s restructuring plan, transferring four mines to the Mine Restructuring Company and moving nine others into a new special-purpose entity under Węglokoks SA. KWK Piekary was also sold to Węglokoks.^[5] In May 2015, Kompania Węglowa transferred three mines to SRK^[6] and sold two others to Węglokoks Kraj.^[7]

In September 2015, the Ministry of State Treasury delayed the formation of New Kompania Węglowa due to EU concerns over possible unauthorized state aid. On September 30, 2015, Kompania Węglowa’s shares were transferred to Towarzystwo Finansowe Silesia.^[8][9]