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Situation in longwall 3/VII/385 under control

Hydrological situation in longwall 3/VII/385 under control of the mine’s services.

Following up on the Company’s earlier announcement, we wish to inform that the mine’s services have the hydrological situation in longwall 3/VII/385 under ongoing control. At present, the water inflow is at a safe level, which allows safeguarding work to be performed in the area. Water from the longwall is drained on an ongoing basis and pumped out by the mine’s water drainage installation.

Given that an increased inflow of water is still observed into the area of the planned test run launch, the original repair plan has been modified as a result. The Company is currently in the process of considering optimum options of a new plan of actions.

We can confirm that at present LW Bogdanka manages the schedule of the longwall run in a way ensuring that the production plan (8.3 million tons of commercial coal) announced last September in Current Report No. 21/2022 is not at risk. Furthermore we wish to inform that the mine is currently operating full efficiency extraction in the longwalls of the Bogdanka and Nadrybie Fields, with another longwall planned for launch this month in the Stefanów Field.

LW Bogdanka S.A. highlights

Lubelski Węgiel Bogdanka S.A. is a leading hard coal producer in Poland that stands apart from its peers in terms of its modern and efficient mining. It is one of the largest Polish hard coal mines. Lubelski Węgiel Bogdanka S.A. chiefly conducts mining operations in terms of hard coal extraction, enrichment and sales. It supplies this raw material mainly to industrial offtakers. Supply contracts are long-term, and the product is sold to the commercial power sector and the industrial power sector.

The company has been listed on the Warsaw Stock Exchange since June of 2009. In August 2022, Lubelski Węgiel Bogdanka S.A. returned to listing on the WIG-ESG Index.

Since October of 2015 Bogdanka has been a member of the Enea Group, the second largest player on Poland’s electrical power market in terms of the generation of electricity, which manages the entire value chain on the electricity market ranging from fuel to the generation of electricity, distribution, sales (supply) and customer service.