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Polish coal miner PGG expects to swing into profit this year
KATOWICE: Poland's biggest coal miner PGG expects to swing to a net profit of around 400 million zlotys ($103
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"I expect that this year PGG will have 400 million zlotys net profit," Rogala told reporters.
PGG, earlier known as Kompania Weglowa, faced collapse in 2015 due to a slump in coal prices and rising production costs. The company survived helped by the financial aid of state-run listed utilities and rebound in coal prices.