Gov't Strategy for Mining Industry Rejected Once Again
September 25, 2006
Gov't Strategy for Mining Industry Rejected Once Again. Check it out:(Polish News Bulletin Via Thomson Dialog NewsEdge) For yet another time, the majority of trade unions have rejected the government strategy for the mining industry. The meeting organised by Deputy Economy Minister Pawel Poncyliusz, which was attended by over 100 people representing the sector, turned into a full-blown dispute. While Poncyliusz pointed out the dangers related to the rising costs of mining enterprises, representatives of trade unions argued that there is no chance of their being lowered. In the opinion of the government, companies unable to divest their produce will have to reduce extraction and use own finances to shut down unprofitable mines. This view is opposed both by the unions and management boards of mining companies. They believe that the budget will have to take into account the ZL400m necessary to raise the capital of leading sector enterprise Kompania Weglowa (KW). However, Poncyliusz stated that such a solution is impossible.
Copyright 2006 Polish News Bulletin of the British and American Embassies. Source : Financial Times Information Limited.
Related Tags: strategy mining, mining industry, mining, learn, industry, poncyliusz
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