Profil:
JSW SAJSW coal cuts 2025 CAPEX by PLN 1.2 bln
Listed coking coal group JSW has reduced the 2025 CAPEX by PLN 1.2 billion (EUR 0.3 bln) compared with the mid-2024 plan, the company said in a market filing.
As stated, optimization initiatives have also resulted in approx. PLN 80 million (EUR 19 mln) savings on purchases in H2 2024, and approx. PLN 152 million (EUR 36.4 mln) savings on purchases in January-February 2025 from the amount of PLN 360 million (EUR 86.3 mln) assumed for 2025 according to the Strategic Transformation Plan.
"In addition, the company reports that a number of initiatives have been launched to improve the utilization of longwall shearers and bring about an increase in coking coal mining volumes", the company said.
All activities in four key areas, i.e. improving mining efficiency, optimizing procurement processes, rationalizing capital expenditures and optimizing support functions, are estimated to bring the company PLN 8.5 billion in positive financial impact by the end of 2027.
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