Bogdanka mine shows steady growth

Eastern Poland's major coal miner, Bogdanka, has shown solid growth in coal mined in the past three quarters. According to a PAP release, the company signaled a 10.2 percent y/y increase in coal production for Q3. The company extracted 2.38 million tons of coal in Q3 2014 and 2.02 million tons in Q2 2014. Cumulative coal production for the last three quarters has reached 6.63 million tons and is a 6.25 percent increase y/y. Management of the company credits the newly established coal processing plant as the reason behind the hefty growth in the last months. The investment had a long history of mishaps but was ultimately launched and is providing additional coal processing power for the company.