X Continue

Cookie file regulations.
A system of cookie files is in place on our website to ensure top-quality services suited to your individual needs. If you use the website without adjusting your cookies settings, cookie files will be stored on your device. Cookie settings may be changed at any time. For more information, see our Cookies Policy.

Lubelski Węgiel
Lubelski Węgiel Bogdanka S.A.

LW Bogdanka finished drilling of boreholes under the prospecting license for the Ostrów deposit

Tuesday, 2016-07-19

Bogdanka, 19 July 2016

 

PRESS RELEASE

 

LW BOGDANKA FINISHED DRILLING OF BOREHOLES UNDER THE PROSPECTING LICENSE FOR THE OSTRÓW DEPOSIT

 

LW BOGDANKA S.A., the most modern and productive hard coal mine in Poland, which is part of the Enea Group, one of the leaders of the Polish power market, finished drilling works related to drilling of two boreholes under the prospecting license for the Ostrów deposit.

The works covered drilling of two boreholes where hydrogeological, geological and engineering as well as gas studies were conducted among other studies, which will allow a thorough analysis of geological substratum. Drilling works were performed in the town of Dratów Kolonia in the Ludwin commune.

The works were performed under the prospecting license granted to the Company in June 2014. In total, three wells were made under the said license.

Based on the exploratory drilling, Bogdanka is planning to develop a supplement to geological documentation, prepare the Ostrów deposit development project and request the Minister of Environment in Q1 2017 for an exploration license for the Ostrów deposit.

Obtaining new exploitable resourcesis one of the strategic objectives of LW Bogdanka S.A. As a result of gaining access to the Ostrów deposit, the Company’s exploitable resources may increase by approx. 200-350 million tonnes (depending on the exploration license conditions)versus approx. 230 million tonnes at present. It means that the mine lifecycle can be extended from approx. 2042 (assuming current production level) to even 2080.

The Company also has the prospecting license for the Orzechów deposit and continues its efforts to obtain the exploration license for the K-6, K-7 deposit. All the aforementioned deposits are located in close vicinity to Bogdanka and constitute its natural supply base.  Extraction of the Ostrów and K-6, K‑7 depositsmay be started with the use of the existing infrastructure without the capital-intensive construction of new shafts. This in turn guarantees maintenance of high productivity of the mine where at present the underground labour productivity is over two times higher than the Poland’s average in the hard coal mining sector.

In coal mining nothing happens overnight. The actions we take today to significantly expand exploitable resourcesare to secure future development of Bogdanka and stable supply of resources for the Enea Group. We wish to extend the mine’s lifecycle at least by 2080, thus ensuring jobs and employment stability for future generations of miners as well as Bogdanka’s support for development of local communities and the entire Lublin region for several decades. Doubling the coal reserves will also materially contribute to building the Company’s value for shareholders,” said Krzysztof Szlaga, President of the Management Board of LW Bogdanka S.A.

 

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 modern and one of the largest hard coal mines in Poland. In 2015, production of Bogdanka’s commercial coal amounted to 8.5 million tonnes.

 

LW BOGDANKA conducts mining activity with respect to extraction, agglomerationand sale of hard coal.The BOGDANKA mine supplies mainly the industrial customers based in the eastern and north-eastern Poland. The market of customers is stable, and the sale is carried out mainly under long-term agreements. LW BOGDANKA’s major commercial coal sales channels are commercial power and industrial power industries.

 

The Company’s financial results, hard coal extraction capacity and investment plans distinguish the Company from other organisations in the industry. LW Bogdanka S.A. has been listed on the Warsaw Stock Exchange since 22 July 2009. Since October 2015 LW Bogdanka S.A. has been part of the Enea Group, one of the leaders of the Polish power market.

 

For further information visit www.bogdanka.eu

back
Calendar
Today is:
08 of July 2020
Name day of:
Arnolda, Edgara, Elżbiety
© LW „Bogdanka” S.A. - 2018
Realization: Data Flow sp. z o.o.