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Lubelski Węgiel
Lubelski Węgiel Bogdanka S.A.

COAL EXTRACTION AT LW BOGDANKA S.A. IN THE FIRST QUARTER OF 2014 REACHES 2.24 MILLION TONNES

Thursday, 2014-04-03

PRESS RELEASE

 

COAL EXTRACTION AT LW BOGDANKA S.A. IN THE FIRST QUARTER OF 2014 REACHES 2.24 MILLION TONNES

 

 

Lubelski Węgiel BOGDANKA S.A., the most advanced and effective hard coal mine in Poland and the leader in the domestic market for power coal producers, extracted 2.24 million tonnes of commercial coal in the first quarter of 2014. This exceeds the result achieved in the same period last year by 10.2% and represents an increase of 6.2% compared to the fourth quarter of 2013.

 

LW BOGDANKA plans to increase the extraction of commercial coal in 2014 by at least 1 million tonnes compared to 2013, to 9.3-10 million tonnes.

 

The Company is currently implementing its strategy for the period 2013-2020 announced in June 2013, which, most importantly, provides for completing an investment programme by 2015 pursued with a view to doubling the production capacity in relation to 2011 and increasing in a two-fold manner the Company’s operating resources in the Lublin Coal Basin, thereby extending the mine’s operating life approx. to 2050.

 

“Extraction after the first quarter was consistent with our expectations.We have already managed to overcome the geological difficulties in the wall closing seam 382 that we were struggling with in the fourth quarter of 2013. However, deposit parameters in the wall which was launched in the Stefanów Field in November 2013 are still below our initial expectations.At present, our efforts are focused on the Mechanical Coal Processing Plant so that we can open it on schedule.We are also making preparations to install the third ploughing system which is to be delivered in June and started in the third quarter of 2014”,said Zbigniew Stopa, President of the Management Board of LW BOGDANKA S.A.

 

 

 

For further information please contact:

 

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 the most advanced and one of the largest hard coal mines in Poland and the leader of the domestic market for power coal producers.In 2013, production of Bogdanka’s commercial coal amounted to 8.35 million tonnes.

 

LW BOGDANKA conducts primarily mining operations with respect to extraction, agglomeration and sale of hard coal.

 

First and foremost, the BOGDANKA coal mine supplies industrial customers based in eastern and north-eastern Poland.Customer market is stable and sales are 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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For further information visit www.bogdanka.eu

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