News

Lubelski Węgiel Bogdanka S.A. continues to expand its presence in foreign markets, particularly in India and countries of the global South. During the 6th Polish Mining Congress, the company signed the agreement on establishment of the “IndusComp” Polish Industrial Competence Cluster and, in parallel, launched its cooperation with the British company, Mining Competence & Advisory Ltd under the previously concluded Memorandum of Understanding (MoU).

Lubelski Węgiel Bogdanka S.A., one of the leading hard coal producers in Poland, adopted a Development Strategy up to 2030, with an outlook until 2035. The strategy is a response to the accelerating energy transition and increasing regulatory requirements in the industry.

Representatives of LW Bogdanka SA visited Jastrzębska Spółka Węglowa, continuing the activities initiated by the Letter of Intent signed on 30th November 2024. During the meeting, selected companies of the JSW Capital Group were also presented.

LW Bogdanka confirms that a series of several seismic tremors were recorded on the night of 27-28 December 2024. These tremors were felt at the mine site, but did not affect its operation or occupational safety.

Bogdanka reported that in view of the current market situation, it has decided to carry out an impairment test of its assets, resulting in a write-down of PLN 1,174 million. This has the nature of an accounting operation and does not affect the current condition of the company. The Company published Current Report No. 28/2024 on this matter on 27 August 2024.

The difficult market environment, the pressures under which the mining industry operates, the need to optimize costs and focus on the Company's core business resulted in the need to revise the existing marketing expenditures at LW Bogdanka. Following an in-depth analysis, the Management Board has decided to withdraw from some sponsorship projects.

The Management Board of Lubelski Węgiel Bogdanka S.A. has announced the financial and production results of the LW Bogdanka Group for Q1 2024. Sales revenues reached PLN 815.9 million, EBITDA reached PLN 162.5 million, while EBIT reached PLN 48.3 million and net profit reached PLN 42.8 million.

On 25 April 2024, the Supervisory Board adopted resolutions to appoint, effective as of 1 May 2024:

At Enea Group's joint results conference, held on 18 April in Warsaw, analysts and journalists had the opportunity to learn the details of the Group’s financial and operating results for 2023. The conference summarized the achievements of Bogdanka and the Enea Group, and discussed prospects for future periods. Let us recall that Bogdanka already published its results on 20 March, achieving in 2023 the highest revenues and the highest profits in its entire history.

Representatives of business, local governments, universities and research centres from across Poland participated in the "Circular economy - no longer a choice, but a necessity" conference in Lublin on 21 February 2024. The event was organized by Lubelski Węgiel Bogdanka S.A., Coordinator of the Lublin Region Circular Economy Cluster.