Azoty extends coal deal with Bogdanka till 2022

WSE-listed chemicals Grupa Azoty extended its coal supply deal with listed coal miner Bogdanka by a year to end-2022 and increased volumes for the 2019-21 period, Azoty said in a market filing. Updated terms place the estimated value of their deal at some PLN 1.34 billion, including PLN 577 million net for the 2018-22 period. The coal will be supplied to Azoty’s Puławy plant. “Bogdanka is the main supplier of coal for the company's combined heat and power plant, providing a raw material with the parameters required by the company, with low transport costs due to the fact that this mine is closest to the company,” Azoty explained.