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...

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...