JSW launched the Budryk BW-1 wall in the mine in the mine. 405/2, whose resources are over 1.6 million tons of coking coal – the company informed in a communiqué. As stated, the new wall is 215 m long and 1800 m of catwalk. The average thickness of the deck is above 3 m. The wall will be operated until May 2027.
“Starting wall operation […] This is not only the next stage of the development of the Budryk mine, but also an important step towards increased coal coal and to the target level of 95 percent. all production. The launch of the wall coincides with the started movement trials of another strategic investment, which is the expansion and modernization of the processing plant, which is aimed at maximization of coking coal production” – he said, quoted in a press release, Adam Rozmus, deputy president of JSW technical and operational affairs.
Two walls are currently exploited in the Budryk mine. Preparatory works, which are aimed at providing subsequent mining fronts, are carried out in seven ancestors. 20 mining walls are used in all JSW mines.
The increase in extraction, and thus sales, is a chance to repair the company's difficult situation. Counting until March this year. completed seven in a row of quarters in the minus, losing PLN 9.7 billion at a net level at that time. The liquid funds on the company's accounts have shrunk to PLN 769 million at the end of March compared to PLN 1736 million a year earlier.
How cuts are not employment
The management board has not yet intended to cut employment, which is the company's biggest cost, but focuses on improving efficiency. It is difficult to say how it will be, because on September 1, the Vice President of the Economic Affairs of Remigiusz Krzyżanowski was dismissed.
JSW recently boasted savings of PLN 1.9 billion made as part of the strategic transformation plan. However, most of these funds, specifically PLN 1.5 billion, consisted in braking the investment. However, the management indicated that the motivational plan had contributed to a significant increase in extraction. Pilot -introduced motivational activities covered 12 walls and 15 ancestors. The progress of works in the walls exceeded the assumptions by 34 percent, and in preparatory works – by as much as 42 percent.
On the other hand, in July, coal production in the JSW group was 5.5 percent. lower than the plan, including coking coal, lower by 5.6 percent Prices are also lower than forecast, although the Chinese coke in July increased in dollars by 1.5 percent. to $ 186.70 for a ton compared to June. The company also intends to reduce unnecessary bureaucracy
