Stowarzyszenie Emitentów Giełdowych Akcja Inwestor Akcjonariat Obywatelski




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Mining licence for K-3 area and exploration licence for the Ostrów deposit granted to LW Bogdanka S.A.

Lubelski Węgiel BOGDANKA S.A. obtained the K-3 area mining licence and the Ostrów deposit exploration licence.

Along with the K-3 area licence, the Company filed an application for the mining licence for the K-6-7 area (decision is pending).  LW BOGDANKA is also trying to obtain an exploration licence for the Ostrów deposit (relevant application was filed already in March 2013).


Zbigniew Stopa, President of the Management Board of LW BOGDANKA S.A.:

This mining licence obtained for the K-3 area is another step in the pursuance of our strategy which assumes doubling the Company’s operative resources in the Lublin Coal Basin and extending the mine’s operating life to approx. 2050.  For this goal to be achieved it is however necessary to obtain mining licence also for the K-6-7 area. We are waiting for the application to be processed and the decision made in this respect.  K-3 and K-6-7 deposits are adjacent to our current deposits and mining pits, which means that we could start mining coal from the new areas with the use of the infrastructure we have now.

The exploration licence for the Ostrów deposit will allow us to analyse and prepare further development plans for LW Bogdanka.