Finance
Poland's government in talks with banks over loans for miner JSW, minister says
Published by Global Banking and Finance Review
Posted on November 5, 2025
1 min readLast updated: January 21, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on November 5, 2025
1 min readLast updated: January 21, 2026
Poland's government is negotiating with banks to secure loans for JSW, a major coking coal producer facing financial difficulties.
WARSAW (Reuters) -Poland's government is in talks with banks about possible loans to help save troubled miner JSW, State Assets Minister Wojciech Balczun said on Wednesday.
JSW, Europe's largest producer of coking coal used in the steel industry, is facing liquidity issues due to falling prices for the feedstock as well as high wage costs and requires restructuring.
"We're talking to the banks. The company needs to go through a restructuring process. It needs to clear itself of unnecessary assets that could be a source of funding," he told journalists.
"I am a moderate optimist. We want to save JSW. It is a key company."
(Reporting by Marek Strzelecki; Writing by Anna Wlodarczak-Semczuk; Editing by Joe Bavier)
Liquidity refers to how easily an asset can be converted into cash without affecting its market price. It is crucial for businesses to meet short-term obligations.
Restructuring is a process that involves reorganizing a company's structure, operations, or finances to improve efficiency and address financial challenges.
Coking coal is a type of coal used primarily in steel production. It is essential for the manufacturing of coke, which is used in blast furnaces.
Corporate bonds are debt securities issued by companies to raise capital. Investors receive interest payments and the return of principal at maturity.
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