Locked content Bogdanka issues bonds worth PLN 400 mln

Pekao SA and Bank Gospodarstwa Krajowego (BGK) have acquired bonds worth PLN 400 million from coal mining company LW Bogdanka, according to Bogdanka’s press release. Four hundred maturity bonds, each valued at PLN 1 million were emitted to bolster the company’s existing investments, liabilities, ong...

Locked content JSW finalizes coal mine takeover

Coking coal producer Jastrzębska Spółka Węglowa (JSW) has signed the final agreement to acquire coal mine KWK Knurów Szczygłowice from sector giant Kompania Węglowa (KW). The deal value is PLN 1.49 billion. The initial takeover agreement was signed in April this year. JSW will finance the purchase w...

Locked content Polish mines extract less coal, still losing money

According to Poland’s Ministry of Economy, Polish mines extracted 29 million metric tons of coal in the first five months of 2014 which is 6 percent less than in 2013 year-on-year. Despite curbing extraction, the whole sector posted a PLN 631 million loss during the same period. At the end of May, P...

Locked content Kompania Węglowa reaches deal with lenders

Poland’s coal mining giant Kompania Węglowa (KW) has signed a preliminary agreement with bond guarantors on the planned restructuring of the company’s financial debt, KW said in a press release on Thursday. The bond guarantors consortium includes Bank Zachodni WBK, Alior Bank, Bank Gospodarstwa Kraj...