JSW to buy coal mine for PLN 1.49 billion
Jastrzębska Spółka Węglowa (JSW) has signed a conditional preliminary agreement to purchase coal mine Kompania Węgla Kamiennego “Knurów-Szczygłowice” for PLN 1.49 billion from Kompania Węglowa (KW). The agreement is subject to approval from consumer rights protection office UOKiK as well as JSW receiving financing in the agreed amount.
The mine can produce 3.8 million tons of coal per year, 40 percent of which is coking coal. Its recoverable resources are 1.26 billion tons of coal, while operating resources are 375.1 million tons, including 119.7 million tons which are currently licensed. The mine’s deposits can ensure its operation for 80 years.
