The forecast is currently 12.45 million tonnes
Polish coking coal producer Jastrzebska Spolka Weglowa (JSW) has revised its coal production forecast for 2024 to 12.45 million tonnes due to a longer-than-expected recovery from a mine fire and increased natural hazards. This is stated in the company's current report.

In July 2024, the company forecast coal production at 13.07 million tonnes.

In December 2023, the company declared force majeure following a fire at its KWK Pniowek mine. It is noted that it was unable to extinguish the fire and it is impossible to resume operations at longwall No. 10 this year. In addition, the increased intensity of associated natural hazards (methane, fire, water, rockfall, collapse) and limited options for choosing safety measures lead to a slowdown in the use of longwalls, a delay in their launch, and in extreme cases, the need to close them, which leads to a loss of some resources.

The launch of the F3 longwall at the Borynia-Zofiowka-Bzie coal mine was also postponed, while increased contamination of the extracted raw material at KWK Pniowek limited the capacity of the enrichment plant.

As a reminder, in the second quarter of this year, JSW reduced its coking coal sales by 14.1% compared to the same period in 2023, to 2.27 million tonnes. Its production in the specified period amounted to 2.31 million tonnes, which is 14.4% less year-on-year and 4.1% less than in the first quarter of 2024. The average selling price of coking coal in PLN decreased by 11% compared to the previous quarter.

Source: https://gmk.cente