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Lubelski Węgiel
Lubelski Węgiel Bogdanka S.A.

LW Bogdanka S.A. extracts 2.04 million tonnes of coal in the third quarter and upholds the plan to sell 8.5 million tonnes of coal in 2015

Tuesday, 2015-10-06

Bogdanka, 6 October 2015

 

PRESS RELEASE



LW BOGDANKA S.A. EXTRACTS 2.04 MILLION TONNES OF COAL IN THE THIRD QUARTER AND UPHOLDS THE PLAN TO SELL 8.5 MILLION TONNES OF COAL IN 2015

 

Lubelski Węgiel BOGDANKA S.A., the most advanced and efficient hard coal mine in Poland, produced 2.04 million tonnes of commercial coal in the third quarter of 2015, compared to 2.38 million tonnes achieved in the third quarter of 2014. The level of sales in the third quarter of 2015 totalled 2.19 million tonnes, compared to 2.50 million tonnes in the third quarter of 2014. Cumulatively, production of commercial coal in the first nine months of this year amounted to 5.93 million tonnes, while sales totalled 6.01 million tonnes, compared to 6.63 million tonnes and 6.80 million tonnes in the same period of 2014, respectively. Sale and production levels achieved in the third quarter 2015 were higher than those achieved in the second quarter this year, when the level of production was 1.90 million tonnes and sales amounted to 1.88 million tonnes.

The achieved extraction and sales in third quarter are in line with this year’s customer delivery schedule. The Company upholds the plan to sell 8.50 million tonnes of coal in 2015.
 

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

"Although we operate in very difficult conditions which are significantly affected not  only by purely market criteria, we are able to maintain a good level of production and the sale of coal. It is worth noting that in the third quarter’s production was higher than the production in the first and second quarter (amounting to 1.99 and 1.90 million tonnes, respectively), while sale in the third quarter significantly exceeded the results of the first and second quarter (amounting to 1.95 and 1.88 million tonnes, respectively). This allows us to maintain our declarations regarding this year’s sales of coal at a level of approx. 8.5 million tonnes."

For further information please contact:

Magda Kołodziejczyk, M+G
phone: +48 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 modern and one of the largest hard coal mines in Poland.
In 2014, production of Bogdanka’s commercial coal amounted to 9.19 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.


For further information visit: www.bogdanka.eu

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