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ANNUAL
REPORT
2018

JSW’s history

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In 2018, 25 years passed since Jastrzębska Spółka Węglowa had been formed. JSW’s 25-year history is a track record of resolve in caring for the common good that mines are, for retaining jobs for nearly 24 000 people, for organisational improvements contributing to higher efficiency and better work conditions. Respect for labour, solidarity and strength of character is an invaluable contribution that our miners have made over the years to building the Company’s value.

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For JSW, the past 25 years meant a profound technical, economic, organisational and technological restructuring as well as creating the basis for raising work productivity and reducing costs. One of the most modern hard coal companies in Europe has been developed during this period. The successes in recent years are undoubtedly the result of many years of work by a great number of employees.

JSW today is one of the most modern and leading mining and coking enterprises in the world and an acclaimed and renowned producer of coking coal. JSW employs best-in-class specialists, whose skills, experience and involvement have been underwriting the Company’s success for years.

1962 - 1994
1962 – 1986
Development of JSW mines in response to growing demand for high-quality coking coal in Europe
kwiecień 1993
JSW Group is formed through merger of 7 independent hard coal mines as a result of mining sector restructuring in Poland
2003 - 2005
2003 – 2005
Coke production begins Portfolio and value creation chain diversification
2005
2005
Gradual increase of sake in Koksownia Przyjaźń to 88% and launch of modernisation program
2008
2008
Start of project to access coking coal at KWK Budryk Acquisition of KWK Budryk
2009
2009
Launch of construction on new shaft Bzie 1 and implementation of development strategy
2011
2011
Merger of Borynia and Zofiówka mines (technical and organisational integration) Acquisition of coking plants Koksownia Zabrze and Koksownia Victoria Acquisition of PEC by SEJ S.A. (a JSW Group company)
6 lipca
Debut on Warsaw Stock Exchange
2013
2013
Merger of Borynia and Zofiówka mines with Jas-Mos mine
2014
2014
Merger of Koksownia Przyjaźń S.A. and Kombinat Koksochemiczny „Zabrze” S.A. – launch of the JSW KOKS S.A. name Formation of JSW Szkolenie i Górnictwo Sp. z o.o. Acquisition of KWK Knurów-Szczygłowice by JSW S.A.
2015
2015
Agreement with trade unions Agreement with Bondholders on scope of work on restructuring agreement
2016
2016
Sale of shares in SEJ S.A. and WZK Victoria S.A.
29 August 2016
Restructuring Agreement signed by JSW and Bondholders
September
Transfer of Ruch „Jas-Mos” asset to SRK S.A.
2017
2017
Adoption of JSW’s 2018-2030 Strategy
March
Transfer of KWK Krupiński asset to SRK S.A.

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