Current report

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Current Report No. 18/2022

Announcement of force majeure in JSW

Body of the report:

In reference to the information in Current Report no. 16/2022 the Management Board of Jastrzębska Spółka Węglowa S.A. (“Company”, “JSW”) reports that on 29 April 2022 it adopted a resolution on the occurrence of force majeure in JSW and the notification of the Company’s business partners of its occurrence and the ensuing consequences for the obligations affected by the operation of force majeure.

On the basis of the decision made by the Director of the Regional Mining Authority in Rybnik regarding the Zofiówka Section of KWK Borynia-Zofiówka, the operation of this section of the mine where the mine accident occurred has been suspended.

For safety reasons the entire region where the mine accident occurred has been sealed off using stoppings in KWK Pniówek and it is not currently possible to specify how long this region will be sealed off.

As a result of the analyses conducted, the impact exerted by these mine accidents in terms of reduced coal production until the end of 2022 has been tentatively estimated to be roughly 400 thous. tons.

Moreover, the Company reports that as at the date of preparing this report, it is not possible to specify the full impact on the future prospects of the Company and of the JSW Group. In the event of material changes stemming from the analyses conducted, JSW will publish information in the form of separate current reports. 

Legal basis: Article 17(1) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on Market Abuse and Repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC

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