Locked content JSW plans PLN 1 bln CAPEX this year

WSE-listed coal miner JSW plans to spend PLN 1 bln on investments in 2017, acting CEO Daniel Ozon said. “This amount is the total planned CAPEX for the whole JSW and JSW Koks group,” he explained. Ozon added that one of the major projects will be building new coking batteries, which he hopes will st...

Locked content JSW Q1 net profit beats expectations

WSE-listed coal miner JSW had PLN 864.5 million Q1 net profit, beating the PLN 763 million expected by analysts polled by the Polish Press Agency (PAP). In the corresponding period last year, the company posted PLN 59.8 million loss. Revenues amounted to PLN 2.37 billion, up by 69.4 percent y/y, whi...

Locked content JSW dismisses CEO Tomasz Gawlik

WSE-listed state-controlled coal miner JSW dismissed its CEO Tomasz Gawlik and appointed supervisory board member Daniel Ozon as an acting CEO, JSW said in a market filing. JSW’s deputy CEO Józef Pawlinów handed in his resignation on Monday, the filing also stated. The CEO’s dismissal wa...

Locked content Poland to finance JSW with PLN 500 mln in 2017

Poland’s Energy Ministry will finance a coal miner Jastrzębska Spółka Węglowa (JSW) with 500 million sum in 2017, deputy Energy Minister Grzegorz Tobiszowski informed. “Funds could come in stages and draw both on previously discussed plans for new debt and equity. The money would go to i...

Locked content JSW to issue bonds worth up to PLN 300 mln

Coal group JSW is planning to issue up to PLN 300 mln worth of bonds to be addressed to state-controlled restructuring vehicle TF Silesia, the company said in a market filing. The bonds will mature on March 31, 2025 at the latest. The company will have an option of an early redemption. Bonds will be...

Locked content JSW announces tender for sale of Różany Gaj Hotel

Jastrzębska Spółka Węglowa (JSW) has put Różany Gaj Hotel in Gdynia up for sale for the same price as in the previous tender – PLN 24.8 million. The tender is to be held on October 20. It is not the first attempt to sell the hotel – the company has been trying to offload the hotel for fi...

Locked content JSW may earn up to PLN 800 mln on share issue

Coal producer Jastrzębska Spółka Węglowa (JSW) plans to raise some PLN 500-800 million from a potential share issue. “We are talking about an issue of at least PLN 500 million, but the sum could fall into PLN 500-800 million range,” CFO Robert Ostrowski announced. “The share issue ...

Locked content JSW sells a Victoria unit for PLN 350 mln

Coal producer Jastrzębska Spółka Węglowa (JSW) has signed a preliminary deal to sell 92.84 percent in its coking unit Victoria to industry restructuring agency ARP and financial vehicle TF Silesia for PLN 350 million, the company informed. JSW will receive a downpayment of PLN 200 million by July 13...

Locked content UOKiK approves takeover of JSW’s unit by PGNiG Termika

PGNiG Termika has been granted unconditional approval issued by the head of antimonopoly watchdog UOKiK for the takeover of Jastrzębska Spółka Węglowa’s (JSW) heat and power generating unit SEJ, the watchdog informed. PGNiG Termika called for the sale of 100 percent stake in JSW’s heat u...

Locked content JSW to sell one more unit to PGNiG for PLN 372 mln

Coal producer Jastrzębska Spółka Węglowa (JSW) has landed a preliminary deal to sell 100 percent of its heat and power generating unit SEJ to PGNiG Termika, a heat unit of listed natural gas giant PGNiG, for PLN 371.8 million, the company informed. JSW will receive a downpayment of PLN 278.9 million...