GospodarkaCzech billionaire to invest $150 million into Silesian mine
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Czech billionaire to invest $150 million into Silesian mine

2008-03-10 00:00
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2008-03-10 00:00
 "It is yet to early to state the value of the investment, but certainly it will be a huge amount," said Jiri Polak, advisor to Zdenek Bakala. The new mine will be established near the Dębieńsko mine, which was shut down by the AWS government in 2000. "This was a harmful economic decision. One should call those responsible to account. In this region there are coking coal deposits in the order of 100 million tones," said Jerzy Markowski, former deputy economy minister. He went on to say that the Czech billionaire is buying into Polish deposits as the Czech Republic will run out of coal in 12 years, while the Dębieńsko deposits will last for 40-50 years. According to experts, the project will consume $100-150 million and will take about two years until coal is extracted. (Puls Biznesu, p. 9)

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