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Polish coal mining swings to profit on prices, restructuring – PAP

Net profit at Polish coal mines stood at 1.45-billion zlotys ($400.06-million) in the first half of the year compared to a 800-million zlotys loss a year earlier amid higher coal prices and restructuring, data from a state agency showed on Tuesday.

Data by the Industrial Development Agency (ARP), quoted by state-run news wire PAP, said the average price, including thermal and coking coal, rose by 38% year-on-year in the first half of the year to 317.09 zlotys per tonne.