The Jastrzębska Spółka Węglowa S.A. Group ("Group", "Capital Group") is the largest producer of hard coking coal and a significant producer of coke in the European Union. For years, it has held the key position on the Polish and European market for coking coal and coke, due to the high quality coal it produces and due to its location in proximity to its main customers. The main line of the Group's business is also the mining and sales of steam coal.
The Group’s mining area is located in the Upper Silesian Coal Basin.
In Q3 2014, the mining area of JSW increased in connection with the acquisition of KWK Knurów-Szczygłowice. Since the coal resources held by the Group are significant, it has solid grounds for retaining the leading position on the coking coal market.
The Group’s mines have a total of approx. 3.67 billion tons of resources of coal, including approx. 0.99 billion tons of recoverable coal reserves (including KWK Knurów-Szczygłowice, according to JORC classification, based on the Mineral Expert Report prepared by the Polish Academy of Sciences).
The Group’s coking activity is conducted in Dąbrowa Górnicza, Zabrze, Radlin, Czerwionka-Leszczyna and Wałbrzych. About 50% of the coking coal produced by the Group is processed by the Group's coking plants into coke which, next to iron ore, is the key raw material used in steel production in steel mills, in foundries, in the non-ferrous metal industry, chemical industry and in the production of insulation material. Steam coal is used primarily for energy generation and sold to power companies, industrial and retail customers, however nearly 95% is sold to power plants for the production of electricity and thermal energy.
Jastrzębska Spółka Węglowa S.A. ("JSW", "Parent Company", "Issuer") also acts as a sales center for all coal derivative products, including coke and hydrocarbons produced by coking plants owned by the Group. The principal clients for the Group’s products are located primarily in Poland, Germany, the Czech Republic and also Austria.
The Group is one of the largest employers in Poland. Overall, the Group employs over 34 thousand people, of which over 26 thousand are employed by Jastrzębska Spółka Węglowa S.A.