Coal Energy S.A. (Luxembourg), a company with its core coal assets in Ukraine, has announced plans to expand operations into Poland and Romania as part of its 2025–2027 development strategy. According to the updated plan, published on the Warsaw Stock Exchange, the company aims to diversify its portfolio and increase resilience amid ongoing challenges in Ukraine.
In Poland, Coal Energy intends to develop the Bobrek-Miechowice deposit, focusing on its western section, with a multi-stage licensing procedure already underway. Romania is also a key target, where the company sees significant potential for anthracite extraction. A draft framework proposal for cooperation in the mining sector has already been submitted to Romanian authorities, and the company expects to take part in official tenders for mining or exploration concessions.
Despite difficulties in Ukraine, Coal Energy highlighted ongoing potential for mining projects in its licensed territories. The company is also exploring joint ventures with local and international partners.
Additionally, Coal Energy is launching a subsidiary to provide global consulting services in the field of mineral resources. These services will cover asset valuation, due diligence, partner engagement, and asset transactions. Its first project in this area involves cooperation with the owner of a polymetallic ore deposit in the United States.
Financially, Coal Energy reported a net loss of $2.13 million in 2024, marking a six-fold improvement compared to the previous year. Revenue nearly tripled to $2.47 million, while gross profit reached $0.79 million, reversing a gross loss of $0.14 million in 2023.
