Locked content JSW with PLN 4.5 bln coal delivery deal with ArcelorMittal

WSE-listed coal miner JSW signed a PLN 4.5 billion three-year coal sales deal with ArcelorMittal. The deal is valid through 2020 with a possibility to extend the deal one year at the time until end-2027. “The contract will be subject to extension for another year after agreeing the qualitative and q...

Locked content JSW 2017 results soar

WSE-listed coal miner JSW had PLN 747.8 million Q4 net profit, up by 153.7 percent y/y, while revenues reached PLN 2.19 billion, a 1.2 percent increase. EBITDA was up by 58.9 percent at PLN 1.11 billion. For the whole year, JSW had PLN 2.53 billion net profit, an impressive 37,794 percent y/y growth...

Locked content JSW to take PLN 759 mln hit on mine impairments

WSE-listed coal miner JSW will take a PLN 759.1 million hit to its 2017 financial results from impairments on its mines Budryk-Szczgłowice and Budryk, the company said in a market filing. Furthermore, the company’s coke subsidiary JSW Koks will take a PLN 113.4 million write-off, but it will only af...

Locked content JSW on talks with Prairie Mining – ‘very initial’

State-run, WSE-listed coal miner JSW commented on the recent talks with another listed peer Prairie Mining calling them “very initial, a sounding out,” CFO Robert Ostrowski said. “This is not a stage of concrete talks with confirming of the will on both parts, it is more about sounding out intents,”...

Locked content JSW plans PLN 1 bln net profit annually – CEO

WSE-listed mining group JSW expects PLN 1 billion net profit per annum until 2030, the company’s CEO Daniel Ozon said while announcing the its new strategy. The new strategy for 2018-2030 assumes an EBITDA margin of the group on average at 30 percent (compared to 11.7 percent in 2011-16) and total i...

Locked content Prairie Mining to a sell mine to JSW?

WSE-listed coal miner Prairie Mining is in talks with another WSE-listed peer JSW regarding “co-operation,” which according to daily Dziennik Gazeta Prawna concerns selling mining license for defunct coking coal mine Dębieńsko. “Prairie confirms that a meeting was held with JSW where preliminary dis...

Locked content JSW with conditional offer to takeover PBSz shaft builder

WSE-listed coal group Jastrzębska Spółka Węglowa signed a conditional offer to acquire 95.01 percent stake in shaft builder PBSz from mining machine manufacturer Kopex. “JSW assumes that the submission of the offer will allow for negotiation of the detailed terms and conditions of the contract for t...

Locked content PGNiG, JSW, Tauron, PGG sign methane production deal

WSE-listed, state-owned companies PGNiG, JSW, Tauron, and PGG signed a framework agreement to develop methane production from coal beds. PGNiG alone plans to spend PLN 300 million within the next three years on the project. The companies hope to increase domestic natural gas production, reduce the c...

Locked content JSW plans PLN 18.9 bln in CAPEX till 2030

WSE-listed coal miner JSW will spend some pLN 18.9 billion in CAPEX between 2018-2030 to secure new deposits, increase coking production and expand capacity and efficiency, the company said in its new strategy. Thanks to investments, JSW wants to increase coal extraction to 18 million metric tons, a...