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Lubelski Węgiel
Lubelski Węgiel Bogdanka S.A.

LW BOGDANKA – Extraction of 2.03 million tonnes of coal in the first quarter of 2013

Thursday, 2013-04-11

Bogdanka, 11 April 2013

 

PRESS RELEASE

 

 

LW BOGDANKA – EXTRACTION OF 2.03 MILLION TONNES OF COAL IN THE FIRST QUARTER OF 2013

 

Lubelski Węgiel BOGDANKA S.A., the most modern and effective hard coal mine in Poland, as well as the domestic leader on the power coal producers market, recorded in the first quarter of 2013 extraction of 2.03 million tonnes, i.e. a level similar to that achieved in the previous year. Extraction after the first quarter of 2013 complies with the Company’s assumptions.

The current high level of extraction (in the same period of 2011 it amounted to 1.32 million tonnes) is the effect of consistently pursued strategy whose key objective is to increase extraction to 11.5 million tonnes per annum once the investment in the Stefanów Field is completed (from 5.8 million tonnes in 2010 and almost 5.84 million tonnes in 2011), thus doubling the share in the market of hard coal producers in Poland.

 Extraction broken down by particular months was as follows:

- January 2013: 710,830,000 tonnes

- February 2013: 662,990,000 tonnes

- March 2013: 657,940,000 tonnes

 We inaugurated the year 2013 in line with our assumptions. In the first three months we reached the planned levels of extraction and satisfactory output levels. At the moment, we focus on the continuation of the planned investments pursued with a view to increasing our production capacity. Our plans include creating approx. 30 km of heading workings – announced Zbigniew Stopa, President of the Management Board of LW BOGDANKA S.A.

 

 Additional information available from:


 Magda Kołodziejczyk, M+G

tel. (22) 416 01 02, 501 16 88 07

e-mail: magda.kolodziejczyk@mplusg.com.pl

 

LW BOGDANKA – HIGHLIGHTS

 

Lubelski Węgiel Bogdanka S.A. is one of the largest and most advanced hard coal mines in Poland and one of the leaders of the domestic market for power coal producers. In 2012, production of Bogdanka’s commercial coal amounted to 7.78 million tonnes.

 

LW BOGDANKA conducts mining activity with regard to extraction, enriching and sale of hard coal. Additionally, the Company produces façade bricks in the process of utilising carboniferous rock waste stone in the EkoKLINKIER Construction Ceramics Plant.

First and foremost, BOGDANKA coal mine supplies industrial customers localised in eastern and north-eastern Poland. The customer market is stabilised and sale is conducted mostly on the basis of long-term agreements. The major directions of sale of commercial coal from LW BOGDANKA are commercial and industrial power sectors.

 The Company stands out in the industry with regard to its financial results, efficiency of hard coal extraction and investment plans.

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