Ukraine.  A mine in Ukraine – explains Jastrzębska Spółka Węglowa

Jastrzębska Spółka Węglowa (JSW) will investigate a project related to the construction of a coke mine in the Volhynian coal basin of Ukraine – announced Wojciech Kałuża, JSW Vice President of Development. He noted that there was no announcement of capital participation by JSW in such a project. Earlier, the JSW Board of Directors issued a statement on the matter.

On Thursday, September 21 of this year. The letter of intent was signed during the Conference on the Common Future for the Reconstruction of Ukraine in Poznań. Grenevia, part of which – the Vamor sector – was a signatory of the letter, along with companies from the GSW Capital Group and Komatsu, was informed of its signature.

“The subject of the agreement is future cooperation between companies in the reconstruction of Ukraine as part of the Lubelska mine construction project in the Volhynian coal basin,” Greenvia stated. “The letter of intent is a declaration of cooperation between Famur and subsidiaries of JSW and Komatsu as part of the construction project of the ‘Lubelska’ mine No. 1-2 in Lubelsko. The aim of the project is to supply coal and “Geological, technical and legal conditions in the field of individual or joint projects implemented by the signatories of the letter.”

On Monday, the Board of Directors of Jastrzębska Spółka Węglowa commented on the matter in a statement.

The JSW Board of Directors explains

Company representatives noted that JSW has not signed any letter of intent with any company from Ukraine. As explained, the letter of intent with the Ukrainian subsidiary of CCI Lubelia was signed by three companies of JSW Capital Group: Jastrzębskie Zakłady Remontowe (specializing in the production of mining machinery and equipment), Przedsiębiorstwo Budowy Szybów (specializing in column construction) and JSW Szkołanie i Górnictwo (specializes in engaging in employee training in the mining industry).

“The signing of the Letter of Intent by three companies of JSW Capital Group is their offer of cooperation within the scope of their competences in the possible implementation of the project. The Board of Directors of Jastrzębska Spółka Węglowa declares that the above companies, and the signatories of the Letter of Intent, do not have the consent of the owner (JSW SA) on any capital participation in a project in Ukraine.”

The position of the JSW Board of Directors published on Monday refers – as stated – to “false information appearing in the media regarding the participation of Jastrzębska Spółka Węglowa SA in the reconstruction of the mine in Ukraine.”

“We want to look for it all the time.”

JSW Vice President of Development Wojciech Kałuża, when later asked by the Polish Press Agency whether it was possible for the Jastrzebie-based company to become more involved in coke mining in Ukraine in the future, replied that the matter would remain under investigation.

-We want to look for him all the time. It’s not like we said we’re committing capital right away. We will vet the project, these are difficult things in the industry. The Vice President explained that this is how we will do it – take it easy, we have plenty of time.

JSW Capital Group is – as we read on the company’s website – the largest producer of high-quality hard coke in the European Union and one of the leading producers of coke used in steel smelting.

Main image source: Photo: David Lash/JSW

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