Tag: coking coal

  • Polish Parliament Speaker Szymon Holownia Visits Budryk Mine

    Polish Parliament Speaker Szymon Holownia Visits Budryk Mine

    The Speaker of the lower house of the Polish Parliament, Szymon Holownia, recently met with miners working at the Budryk mine – part of Jastrzebska Spólka Weglowa (JSW). During his visit, Speaker Holownia learned about the operations of the mine and the entire JSW, which produces coking coal – a raw material on the EU’s list of critical raw materials necessary for steel smelting.

    Before visiting the mine, the Speaker underwent the necessary training to authorize him to go underground. He was then accompanied by Ryszard Janta, President of the JSW Management Board, Adam Rozmus, Vice-President of the JSW Management Board for Technical and Operational Matters, Krzysztof Baranowski, Director of the Budryk mine, and Wieslaw Chylek, Technical Director of the mine. Together, they descended to the 1290 m level via shaft VI, the deepest level in coal mines in Poland, where the temperature of the rock mass reaches almost 50°C.

    From the shaft, the group proceeded by suspended cable cars to the area of the Bw-3 longwall, the main purpose of the visit. After a 300 m walk from the passenger station, the Speaker of the Sejm and his attendants stood at the entrance of the Bw-3 longwall. It took several minutes to walk along the 200 m longwall, where mining was underway, followed by a march to the 1000 level and a trip to the surface.

    “What I saw today made a huge impression on me and will definitely stay with me. Visits such as this one teach respect and humility towards people who do a difficult and responsible job, who go down and up five days a week for 25 years. I hope that you will always be accompanied by luck and God’s protection,” said Szymon Holownia immediately after leaving the mine.

    “I did not come here to present plans or to spin a vision. I came to listen, to see the mining reality. What I learned from you today will be helpful in my work. Thank you for allowing me to spend this time with you. I hope this is not our last meeting. I have already heard tentative invitations related to Miners’ Day. If they are upheld, we will of course see each other again,” the Speaker added.

  • Poland’s JSW has no plans for acquisitions on energy market

    Poland’s JSW has no plans for acquisitions on energy market

    Polish miner JSW will focus on increasing the extraction of coking coal, and does not plan on expansion through energy company acquisitions, CEO Tomasz Cudny said on Thursday.

    “Today our actions are directed to increase extraction of our type of coal, we’re speaking of coking coal. When it comes to the energy market, we are not planning any acquisitions,” said Cudny on a conference call.

    Cudny’s comments that the company plans to focus on boosting coking coal extraction, which is used in steelmaking, follow a fire in one of its mines in March, which prompted it to cut its 2023 production output forecast by 250,000 tons.

    In November, it forecast production of 14 million tons this year. In the first six months, JSW produced 6.7 million tons.

    On Wednesday, the company reported second-quarter coking coal production edged up 1.4% to 2.7 million tonnes from the prior quarter, while revenue from sales to external recipients slumped to 1.87 billion zlotys ($436.74 million) from 2.16 billion in the first quarter.

    Net profit in the second-quarter fell 67% to 780.6 million zlotys from the prior year, with core profit tumbling to 3.33 billion zlotys versus 5.97 billion zlotys in the same period last year.

    Members of the management board pointed out on the call that last year’s results had benefited from favourable macroeconomic conditions, including a spike in the price of coal after Russia’s invasion of Ukraine.

    “We had used that moment and the effects could be seen in our results from the year 2022,” Cudny said.