Bloomberg News

Bogdanka Heads for One-Week Low as Thermal Coal Prices Drop

April 16, 2012

Lubelski Wegiel Bogdanka SA (LWB), Poland’s second-largest publicly traded coal producer, headed for its lowest close in almost a week as thermal coal prices declined.

The stock retreated as much as 1.8 percent and traded down 1.2 percent at 125 zloty by 3:22 p.m. in Warsaw, set to end trading at the weakest level since April 10.

Thermal coal for 2013 delivery dropped 0.7 percent to $112.75 a metric ton, the lowest on a closing basis since March 15, according to data compiled by Bloomberg.

To contact the reporter on this story: Piotr Bujnicki in Warsaw pbujnicki@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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