LW BOGDANKA S.A. finished drilling works related to drilling of two boreholes under the prospecting license for the Ostrów deposit.
LW BOGDANKA S.A., the most modern and efficient hard coal mine in Poland, making part of the Enea Group - one of the leaders of the Polish power market, has confirmed that it will continue to be the main sponsor of the Górnik Łęczna football club. The sponsorship agreement has been renewed for another year and will be effective until the end of June 2017.
The Lubelski Węgiel BOGDANKA Group in which LW BOGDANKA S.A., the most modern and efficient hard coal mine in Poland, is the parent, has published Integrated Report for 2015.
This is the third report prepared by LW Bogdanka in accordance with the Global Reporting Initiative (GRI) guidelines, and the second integrated report combining both financial and non-financial aspects of the Group’s business.
In Q1 2016, Lubelski Węgiel Bogdanka Group generated sales revenue on the level of almost PLN 420.6 mln, which were by 1.8 per cent lower than in the same period of the previous year. At the same time, the other key financial results improved: EBIT amounted to PLN 78.9 mln (growth by 63.8 per cent yoy), EBITDA PLN 173.3 mln (growth by 20.0 per cent yoy) and net result PLN 54.4 mln (growth by 66.6 per cent).
On 16 March 2016, the Provincial Administrative Court in Warsaw dismissed an appeal filed by LW Bogdanka S.A. against the decision of the Ministry of Environment of 5 November 2014 to maintain the challenged decision of 5 September 2014 on refusal to grant a licence for extraction of hard coal in the “Lublin Coal Basin — areas K-6 and K-7” deposit. Lubelski Węgiel BOGDANKA S.A.