Jastrzębska Spółka Węglowa (JSW) has announced its intention to explore a project involving the construction of a coking coal mine in the Volhynian Coal Basin in Ukraine, according to Wojciech Kałuża, the vice president of JSW for development. It should be noted that JSW has not made any commitment in terms of capital involvement in this project. The management board of JSW has previously issued a statement regarding this matter.
During the Common Future Congress for the Reconstruction of Ukraine in Poznań on September 21, a letter of intent was signed. Grenevia, a signatory of the letter through its Famur segment, along with companies from the JSW Capital Group and Komatsu, announced the signing.
Grenevia stated that “the agreement pertains to future cooperation among companies for the reconstruction of Ukraine as part of the project to build the ‘Lubelska’ mine in the Volhynian Coal Basin.” The letter of intent represents a commitment to collaborate between Famur, JSW companies, and Komatsu for the project’s construction of the ‘Lubelska’ mine No. 1-2 in Lubelsko. The objective of the project is to make coal accessible and extract it from these deposits. The cooperation will involve the exchange of information, knowledge, and experiences related to geological, technical, and legal aspects of individual or joint ventures undertaken by the signatories of the letter, as reported by Grenevia.
On Monday, the management board of Jastrzębska Spółka Węglowa addressed the matter in a statement.
The JSW Management Board Clarifies:
The representatives of the company clarified that JSW has not signed any letter of intent with any Ukrainian company. They explained that the letter of intent was signed by three companies from the JSW Capital Group—Jastrzębskie Zakłady Remontowe (specializing in the production of mining machinery and equipment), Przedsiębiorstwo Budowy Szybów (specializing in the construction of shafts), and JSW Szkołanie i Górnictwo (specializing in training personnel for the mining industry)—with the Ukrainian subsidiary of CCI Lubelia. The signing of the letter of intent by these three companies from the JSW Capital Group signifies their offer to cooperate within the scope of their expertise in the potential implementation of the project. The JSW Management Board declared that the aforementioned companies, as signatories of the letter of intent, do not have the consent of the owner (JSW SA) for any capital involvement in a project in Ukraine, as stated in the statement.
The statement released on Monday by the JSW management board addresses the “false information appearing in the media regarding the involvement of Jastrzębska Spółka Węglowa SA in the reconstruction of the mine in Ukraine.”
“We Will Continue to Investigate”
When asked by the Polish Press Agency if JSW, based in Jastrzębie, could potentially increase its involvement in coking coal mining in Ukraine in the future, Wojciech Kałuża, the vice president for development at JSW, stated that further investigation would be carried out.
“We will continue to investigate. We have not made any immediate commitment of capital. The project will be thoroughly examined as these matters are complex within the industry. So, we will take our time and approach it cautiously,” explained the vice president.
According to the company’s website, the JSW Capital Group is the largest producer of high-quality hard coking coal in the European Union and a prominent producer of coke used in steel production.