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Lubelski Węgiel
Lubelski Węgiel Bogdanka S.A.

More than 2.5 million tonnes of coal in 4Q2015

Friday, 2016-01-15

Bogdanka, 15 January 2016


PRESS RELEASE



LW BOGDANKA S.A. EXTRACTED MORE THAN 2.5 MILLION TONNES OF COAL IN THE FOURTH QUARTER OF 2015 AND IMPLEMENTED ITS ANNUAL PRODUCTION PLAN OF APPROX. 8.5 MILLION TONNES.


Lubelski Węgiel BOGDANKA S.A., the most advanced and efficient hard coal mine in Poland, produced 2.55 million tonnes of commercial coal in the fourth quarter of 2015, which is comparable to the level achieved in the fourth quarter of 2014 (2.56 million tonnes), which was a record-breaking year in this respect in the Company’s history. The extraction achieved in the fourth quarter of 2015 is in line with this year’s production schedule and much higher than in the previous quarters of 2015.
Thus, the Company completed the commercial coal production plan of approx. 8.5 million tonnes in 2015.


Zbigniew Stopa, President of the Management Board of LW BOGDANKA S.A.:
“We completed the fourth quarter with production at the level of 2.55 million tonnes, making full use of production capacity in this period. As a result, we ended the previous year with coal production at the level of 8.5 million tonnes, thereby fulfilling our promises made in the first half of the year. The full year production level was lower than our current production capacity. According to our assumptions, we adjusted the level of production to sales opportunities in 2015, which was influenced by a difficult market situation.”

 


For more 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 advanced and one of the largest hard coal mines in Poland. In 2014, Bogdanka produced 9.19 million tonnes of commercial coal.
LW BOGDANKA conducts primarily mining operations with respect to extraction, enrichment 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 coal industry for its financial results, efficiency of hard coal extraction, and investment plans. LW Bogdanka S.A. has been listed on Warsaw Stock Exchange since July 2009. Since October 2015, LW Bogdanka has been a part of the Enea Group.

For more information visit www.bogdanka.eu

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