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Bogdanka’s robust Q1 results

LW Bogdanka S.A. has published its Q1 2023 financial results. The LW Bogdanka Group’s revenue climbed 28.5% in this period to PLN 940.7 million from PLN 731.8 million last year. EBITDA was PLN 291.6 million (up by 5.5%), operating profit was PLN 155.8 million and net profit was PLN 126.2 million.

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Bogdanka's strategy as a response to the challenges of transition

Lubelski Węgiel Bogdanka has published a new strategy for 2023-2030 with an outlook until 2040. The document outlines the key directions of development and transition for Bogdanka. The Company aims to create an innovative multi-commodity concern to drive green transition and secure the economic development of the Lublin region.

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Bogdanka has signed a letter of intent to purchase shares in Górnik Łęczna S.A.

On Wednesday, 5 April 2023, Lubelski Węgiel Bogdanka S.A. and the GKS Górnik Łęczna Association signed a letter of intent regarding cooperation to strengthen the potential of the Górnik Łęczna Sports Club, one of whose main goals will be to achieve further sporting success.

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Minister Anna Moskwa met with miners at Lubelski Węgiel Bogdanka S.A.

The Minister of Climate and Environment Anna Moskwa spoke about maintaining the role of Polish coal as a fuel for the available power stabilizing the Polish Power System at Lubelski Węgiel Bogdanka S.A.

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In the middle of the year, the State Treasury will take over Bogdanka

The State Treasury will buy out the shares of Lubelski Węgiel Bogdanka. The mine acquisition process should be completed this summer. Mine authorities say the decision will, first and foremost, ensure energy security for a significant area of Poland. In addition, the changes will give a dynamic boost to the Company's ambitious new strategic goals.

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Bogdanka presented awards in the rECOnstructor competition

The presentation of awards in the rECOnstructor environmental competition took place at the headquarters of LW Bogdanka S.A. on 9 March. The main goal of the project was to educate children and young people to take action based on the idea of zero waste and to introduce habits that protect the natural environment.

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Bogdanka commences extraction from a third longwall

Last week, Lubelski Węgiel “Bogdanka” S.A. successfully launched hard coal extraction on a new, highly efficient coal-cutting longwall in the Stefanów Field. It means that at present the coal mine operates three walls, in keeping with the earlier planned work timetable.

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Situation in longwall 3/VII/385 - UPDATE

LW Bogdanka confirms that the current hydrological situation in longwall 3/VII/385 is under the control of the mine's services, and the water inflow is not increasing.

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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.

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Statement by Lubelski Węgiel Bogdanka

Regarding media speculations, the Company reports that in early February it began work on longwall 3/VII/385, which was squeezed last September and where efforts were underway to resume mining.