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...

Locked content JSW signs PLN 1.35 bln coking coal supply deal

WSE-listed miner JSW signed a coking coal supply deal with Austrian steel producers voestalpine and Importkohle worth an estimated PLN 1.35 billion, the company said in a market filing. The deal will be valid for the period April 1, 2018 – March 31, 2023. Exact price terms will be agreed upon ...

Locked content JSW appoints Daniel Ozon as CEO

WSE-listed coal miner JSW appointed its to-date acting CEO Daniel Ozon as company’s CEO, the company said in a market filing. At the same time, Ozon resigned from JSW supervisory board, which he was a member of since August 2016. He also worked in the company between 2006-2008 as deputy chairman of ...

Locked content JSW plans $500 mln bond issue in the US

WSE-listed coal miner Jastrzębska Spólka Węglowa may issue $500 million worth of 7-10-year bonds, acting CEO Daniel Ozon said. The means from it would be used to refinance debt. The company might also issue bonds on the domestic market, as back in October it said that it might offer up to PLN 1.5 bi...

Locked content JSW Q3 profit way below consensus

WSE-listed miner JSW had PLN 360.4 million Q3 net profit, 35 percent below the analysts’ consensus polled by the Polish Press Agency (PAP). In the corresponding period last year, the company posted PLN 139 million loss. Revenues amounted to PLN 1.99 billion, up by 19.2 percent y/y, while EBITD...

Locked content JSW PLN 2.63 bln coking coal supply deal

WSE-listed coal producer Jastrzębska Spółka Węglowa signed an estimated PLN 2.63 billion ten-year deal to deliver coking coal to Austrian company Voestalpine. The deal will be valid from April 2018 with prices negotiated on a quarterly basis in euros….

Locked content JSW to invest PLN 1.5 bln in coke segment by 2030

WSE-listed coal producer JSW will invest some PLN 1.5 billion on replacements and development investments in its coke plants by 2030, according to its CEO. “We need to conduct the necessary modernization and development investments in coking coal production segment in order to meet the rising qualit...

Locked content JSW with PLN 566 mln Q2 profit

WSE-listed coal miner JSW had PLN 566.2 million Q2 net profit, beating the PLN 503.5 million expected by analysts polled by the Polish Press Agency (PAP). In the corresponding period last year, the company posted PLN 89.3 million loss. Revenues amounted to PLN 2.31 billion, up by 55.4 percent y/y, w...

Locked content JSW coal production drops in Q2

WSE-listed coal producer JSW had an 11.5 percent y/y decline in coal production to 3.78 million tons in Q2, while sales were down by 12.6 percent and reached 3.61 million metric tons, the company said in a market filing. The drop was due to the transfer of Krupiński and Ruch Jas-Mos mines to the sta...

Locked content JSW to put PLN 1.0-1.1 bln in stabilization fund

WSE-listed coal group JSW will set up a  PLN 1.0-1.1 billion stabilization fund in H2 in cooperation with a selected investment fund company, acting CEO Daniel Ozon said. “It will be our safety buffer, to be used in a time of downturn,” he added. JSW is currently in talks with several investment fun...