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Lubelski Węgiel
Lubelski Węgiel Bogdanka S.A.

Further actions taken by Bogdanka in the K-6-7 licence

Monday, 2014-09-22

 

Bogdanka, 22 September 2014

 

PRESS RELEASE


Lubelski Węgiel BOGDANKA S.A., the most modern and efficient hard coal mine in Poland, in connection to the information it received on 8 September 2014, of a negative outcome regarding its application for the mining licence for the K-6-7 area, announces that it has applied for reconsideration of the case.

The reasons for the Company’s repeated application include public interest, incorrect application of the provisions of the geological and mining law with respect to the licence by the licensing authority, and the fact that conducting exploratory works in an already explored area (to an extent sufficient for launching the mining), is groundless and delays the already possible mining in this area, which constitutes activity against economic interest of the State Treasury.

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

“We hope that the Ministry of Environment will analyse our application once again and will consider legal arguments that speak in favour of Bogdanka, and the broadly taken public interest.In our opinion, extending the life of Bogdanka, a company considered to have a strategic meaning for the Polish economy and providing over 25% of coal supplies for Polish power plants, can surely be classified as the said public interest.The location of the deposits we are going after – directly next to areas currently exploited by us – means that we could start mining in new areas in no time and in a very efficient manner.This also means benefits when taking public interest under consideration - for a country, as the owner of deposits, most benefits are brought by mining in a reasonable manner, guaranteeing use of minerals with due respect for the environment.

It is worth underlining that awarding Bogdanka with a mining licence for the K-6-7 area, which we have been trying to obtain since 2010 (i.e. before any other entities potentially interested in the area appeared in the region), according to our mining know-how and existing expert analyses, will by no means prevent construction of another mine in the region.The K-6-7 area covers approx. 41 km2 of areas bordering with our deposits, while Lublin Basin (Zagłębie Lubelskie) consists of over 9,000 km2, initially earmarked for as many as 7 mines.”

 


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, the 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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