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Partial release of JSW’s debt

By virtue of a decision by the Polish Development Fund, more than half of the preferential loan granted at the end of last year to Jastrzębska Spółka Węglowa under the government-sponsored program Financial Shield of the Polish Development Fund for Large Companies has been forgiven.

In December 2020, JSW obtained a PLN 173.6 million preferential loan. The Polish Development Fund has decided that part of this loan in the amount of PLN 89,175,000 will be forgiven.

In accordance with the rules of the Financial Shield of the Polish Development Fund for Large Companies, a maximum of 75 percent of what has been defined as the actual damage caused by the COVID-19 pandemic may be forgiven. The forgiveness has been granted at the request of JSW, whereas the decision on the amount to be forgiven is made in each case by the Polish Development Fund.

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JSW SA with a concession to explore the Dębieńsko 1 deposit

The Minister of Climate and Environment has granted Jastrzębska Spółka Węglowa SA a concession to explore for hard coal and methane in the Dębieńsko 1 deposit. This is a strategic step that paves the way for a significant increase in coking coal reserves and extends the…

 New JSW SA Management Board of the 12th term of office

Yesterday (10 June) the JSW SA Supervisory Board appointed Adam Rozmus to the position of Vice-President of the Management Board for Technical and Operational Matters.

 Tunneling technologies and mine safety

A seminar organized by the Main Committee on Mining Construction under the Executive Board of the Association of Mining Engineers and Technicians was held at JSW. Experts, practitioners and industry leaders discussed, among other things, the use of tunneling…

 Update on the candidacy for the JSW S.A. Management Board

Jastrzębska Spółka Węglowa S.A. hereby reports that it has received a statement from Mr. Adam Rozmus, currently serving as Vice-President of the Management Board for Technical and Operational Matters and Acting Vice-President of the Management Board for Development,…

 One-Off Cash Severance Payments launched

Last Friday, a subsidy agreement was signed between JSW SA and the Ministry of Energy, paving the way for the launch of the One-Off Cash Severance Payment program. As previously announced, the program has been implemented and, as of today, 526 people have taken…

 JSW S.A. and the Ministry of Energy have signed an agreement regarding the implementation of a program providing one-off cash severance payments to the Company’s employees

Jastrzębska Spółka Węglowa has entered into a subsidy agreement with the Ministry of Energy, thanks to which the Company’s employees will be able to begin receiving the one-off cash severance payments provided for in the amended Act on the Functioning of the Hard Coal…
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