Locked content Media: JSW CEO to be dismissed

According to daily Rzeczpospolita, the CEO of WSE-listed, state-run miner JSW, Daniel Ozon, will be dismissed this week. He will allegedly lose his job as a result of an internal audit conducted by the Ministry of Energy which showed discrepancies in cost accounting. The other reason would be the co...

Locked content JSW Q2 profit falls, but beats expectations

WSE-listed coal producer JSW reported PLN 324.1 million net profit in Q2, down by 42.8 percent y/y, but 23.5 percent above the market consensus. Operational profit came in at PLN 446 million, down by 35.9 percent while EBITDA stood at PLN 631.3 million, versus PLN 912.3 million a year earlier. JSW’s...

Locked content JSW keeps coal output of 15.4 mln tonnes in 2018

WSE-listed coal miner JSW confirmed its plan to produce 15.4 million tonnes of coal in 2018, despite the previously reported risk of reducing coal production by up to 380,000 tonnes, JSW CEO Daniel Ozon said. The risk was related to the accident in Zofiówka, which occurred in May. In March JSW annou...

Locked content JSW hopes for decision regarding Prairie Mining assets in July

WSE-listed coking coal miner JSW continues its talks with another listed peer Prairie Mining and expects decisions to be made in July, according to JSW CEO Daniel Ozon. If the talks are successful, JSW doesn’t exclude seeking financing on the US market. “The market is always friendly, although some ...

Locked content JSW with PLN 754 mln profit in Q1

Coal producer JSW reported PLN 753.9 million net profit in Q1 2018, compared to PLN 864.9 million in the corresponding period of last year. Operational profit came in at PLN 951.9 million, while EBITDA at PLN 1.136 billion, versus PLN 1.24 billion a year earlier. JSW’s revenue stood at PLN 2.51 bill...

Locked content Two miners dead, three still missing in JSW’s Zofiówka mine

Two miners dead, three still missing in JSW’s Zofiówka mine Search and rescue continues for the three missing miners in the Zofiówka mine belonging to JSW. An aftershock on Sunday afternoon slowed the progress of rescuers, but they continue to move towards the three miners’ last know location. On Sa...