Polish miner Bogdanka may fall short of delivering contracted volume of coal to parent Enea
03/10/2022 07:26
Oct 3 (Reuters) - Polish state-controlled miner Lubelski
Wegiel Bogdanka (LWB) LWBP.WA may fail to deliver around 0.33
million tonnes of hard coal to parent company Enea ENAE.WA in
2023, Enea said on Friday.
"LWB estimates that the failure to execute the contracts
with ENEA Wytwarzanie, ENEA Elektrownia Polaniec and ENEA
Cieplo, in the worst-case scenario, will translate into the
inability to deliver about 0.331 million tonnes of coal in
2023," Enea said.
The move comes after Bodganka lowered its full-year
production target for commercial coal to about 8.3 million
tonnes from a previous goal of about 9.2 million tonnes in
September. urn:newsml:reuters.com:*:nFWN30K1T9
The company said then that this change was a result of
sudden and unforeseen difficulties in the extraction process.
Enea said it will announce the estimated impact, including
need to find alternative an source and any potential provision
amount at a later date.
(Reporting by Patrycja Zaras, Editing by Louise Heavens)
((Patrycja.Zaras@thomsonreuters.com;))