LW Bogdanka S.A. reveals its strategy – company wants to continue flexible development, double its raw material resources and pursue innovations
LW Bogdanka S.A., the most advanced and most efficient hard coal mine in Poland and a member of the Enea Group, one of the leaders in Poland’s power market, presented a development strategy for the Mining Area of the Enea Group. The strategy covers a period until the year 2025, within the 2030 framework. The strategy is in line with the Strategy of the Enea Group and reflects both Responsible Development Plan and Polish Hard Coal Mining Programme.
The strategy of LW Bogdanka in the Mining Area of the Enea Group includes two development scenarios: baseline, which assumes average production at a level of about 8.5 million tonnes a year over 2017-2025, and flexible development, with average annual production at a level of about 9.2 million tonnes over the same period. Taking into account the current and expected market situation, the Company wants to implement the flexible development scenario. CAPEX forecast for 2016-2025 (nominally) amounts to PLN 3.7 billion for the baseline scenario and about PLN 4 billion for the flexible development scenario.
Bogdanka after Q3 2016 - yet another quarter of good results despite still difficult market situation
After the three quarters of 2016, the Lubelski Węgiel Bogdanka Group generated revenue of PLN 1.3 billion (at a similar level to the one achieved last year despite lower coal prices) and net profit of PLN 120.2 million (lower by over 9% compared to the previous year). In the period in question, EBIT amounted to PLN 154.6 million (a decrease of 11.4% y/y), while EBITDA totalled PLN 432.3 million (a decrease of 5.6%).
Integrated Report 2015 of the LW Bogdanka Group won the Main Award and the Award of the Minister of Economic Development in a Contest for Social Reports
LW BOGDANKA S.A., the most modern and productive hard coal mine in Poland, which is a part of the Enea Group, one of the leaders of the Polish power market, received the Main Award and the Award of the Minister of Economic Development in the 10th jubilee edition of the Contest for Social Reports organised by the Responsible Business Forum and Deloitte. The award was granted for the Integrated Report 2015 of the Lubelski Węgiel Bogdanka Group.
LW BOGDANKA S.A., the most modern and efficient hard coal mine in Poland, which is part of the Enea Group,one of the leaders of the Polish power market, has signed an annex to the agreement with ENGIE Energia Polska Spółka Akcyjna regarding supplies of thermal coal for the purposes of the ENGIE power plant in Połaniec.
Lubelski Węgiel Bogdanka Group has signed annexes to its long-term agreements with Enea Wytwarzanie Sp. z o.o. to increase the volumes of Bogdanka’s supplies to Enea Group, starting 2017.