The best Polish mine has a proposal to cover its huge loss

The Management Board of Bogdanka also requests that no dividend be paid from capital created from profits from previous years - we read in the press release.

In mid-April this year, Lubelski Węgiel Bogdanka adopted a Development Strategy until 2030, with a perspective until 2035. It is a response to the accelerating energy transformation and growing regulatory requirements in the industry - the company wrote in a press release.

By 2030, Bogdanka plans to produce commercial coal at an average level of 8.2 million tonnes per year (compared to 7.9 million tonnes in 2024). In 2031–2035, the planned production is to amount to approximately 6.6 million tonnes per year due to the expected decline in demand for electricity from coal.

In 2025-2030 , sales to customers outside the Enea Group are to increase on average to 2.1 million tonnes per year, compared to 1.2 million tonnes in 2024. In 2031-2035, they are to increase to 2.4 million tonnes per year, generating approx. 46% of shares in LW Bogdanka's commercial coal sales (in 2024 it was approx. 15%).

The Group plans to intensify foreign sales, focusing in particular on Ukraine . The potential for sales to Ukrainian professional, thermal and industrial power is estimated at several million tons per year. LW Bogdanka's competitive advantage in this direction is its geographical advantage - the company wrote.

- We are dealing with an update of the strategy of Lubelski Węgiel Bogdanka, because the previous strategy was announced in 2023, when Kasjan Wyligała was still president. Generally speaking, it is a downward revision of the strategy, which is related to a less friendly environment for Bogdanka than it was in 2023 - Jakub Szkopek, an analyst at Erste Securities, commented for WNP.