Locked content JSW scraps bond issue

Coking coal producer JSW issued a statement on Monday saying that it has decided to withdraw from an earlier planned eurobond issue due to the present market situation. The company’s management said that the decision was made after “a series of meetings with selected institutional investors in the U...

Locked content JSW workers vote against management

In a “sounding out” referendum, the employees of coking coal producer Jastrzębska Spółka Węglowa (JSW) voted against the company’s management, the Polish Press Agency reports. The company’s authorities declared the vote illegal. The employees claim that the management board no longer has trust and s...

Locked content JSW chooses banks for Eurobond issue

Coal mining company Jastrzębska Spółka Węglowa has chosen Credit Suisse, JP Morgan, ING Bank and PKO Bank Polski as partners for its new Eurobond issue. The banks will serve as global coordinators and bookrunners. At the beginning of August, JSW issued 70,000 bonds worth PLN 700 million and 16,370 b...

Locked content JSW upgrades forecast

Coking coal producer Jastrzębska Spółka Węglowa (JSW) expects to extract 13.8-14.0 million metric tons of coal this year, according to a recent announcement from the company. The updated forecast includes the results of the Knurów-Szczygłowice mine acquired this year The company plans capital expedi...

Locked content JSW cuts down investment plans

Coal mining group Jastrzębska Spółka Węglowa (JSW) will cut down its capex for next year from PLN 1.8 billion to PLN 1.4 billion, the company’s CEO Jarosław Zagórowski was quoted as saying by the Polish Press Agency. JSW’s capital expenditures for 2015 had originally been set at PLN 2.2 billion and ...

Locked content JSW with PLN 253 mln net loss

Mining company Jastrzębska Spółka Węglowa (JSW) recorded a consolidated net loss of PLN 253 million in the second quarter of 2014. Analysts polled by the Polish Press Agency had expected the loss to be PLN 253.8 million. The company’s operating loss came in at PLN 292.7 million compared to a market ...

Locked content JSW finalizes coal mine takeover

Coking coal producer Jastrzębska Spółka Węglowa (JSW) has signed the final agreement to acquire coal mine KWK Knurów Szczygłowice from sector giant Kompania Węglowa (KW). The deal value is PLN 1.49 billion. The initial takeover agreement was signed in April this year. JSW will finance the purchase w...

JSW signs long-term contract for delivery of coke

Jastrzębska Spółka Węglowa (JSW), based in Silesia, will deliver coke to Austrian companies Importkohle GmbH and voestalpine Rohstoffbeschaffungs GmbH. The coal mining company signed a contract with the two Austrian partners for an estimated PLN 1.37 billion.

Locked content JSW signs PLN 1.2 bln deal with ArcelorMittal

Jastębrzska Spółka Węglowa signed a PLN 1.2 billion deal with JSW miner inks ca. PLN 1.2 bln coking coal supply deal with steel producer ArcelorMittal for coking coal delivery. The deal covers 2014, and supplies worth PLN 569.8 million has already been realized to date. WSE-listed JSW is one of the ...