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Lubelski Węgiel
Lubelski Węgiel Bogdanka S.A.

Mining licence for K-3 area and exploration licence for the Ostrów deposit granted to LW Bogdanka S.A.

Wednesday, 2014-07-23

Bogdanka, 23 July 2014



PRESS RELEASE


MINING LICENCE FOR K-3 AREA AND EXPLORATION LICENCE FOR THE OSTRÓW DEPOSIT GRANTED TO LW BOGDANKA S.A.
 


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, obtained the K-3 area mining licence and the Ostrów deposit exploration licence.

Along with the K-3 area licence, the Company filed an application for the mining licence for the K-6-7 area (decision is pending).  LW BOGDANKA is also trying to obtain an exploration licence for the Ostrów deposit (relevant application was filed already in March 2013).

 

Zbigniew Stopa, President of the Management Board of LW BOGDANKA S.A.:

This mining licence obtained for the K-3 area is another step in the pursuance of our strategy which assumes doubling the Company’s operative resources in the Lublin Coal Basin and extending the mine’s operating life to approx. 2050.  For this goal to be achieved it is however necessary to obtain mining licence also for the K-6-7 area. We are waiting for the application to be processed and the decision made in this respect.  K-3 and K-6-7 deposits are adjacent to our current deposits and mining pits, which means that we could start mining coal from the new areas with the use of the infrastructure we have now.

The exploration licence for the Ostrów deposit will allow us to analyse and prepare further development plans for LW Bogdanka.

 



For further information please contact:

Magda Kołodziejczyk, M+G
Phone: +48 22 416 01 02, +48 501 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 a 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. LW Bogdanka employs approx. 4,800 staff.

For further information visit  www.bogdanka.eu

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