Bloomberg News

Bogdanka Falls to Four-Month Low as Thermal Coal Prices Retreat

June 04, 2012

Lubelski Wegiel Bogdanka SA (LWB), Poland’s second-largest publicly traded coal producer, tumbled to a four- month low after thermal coal prices fell.

The shares lost as much as 1.9 percent to 114 zloty, the weakest level since Jan. 24, and traded 0.3 percent lower at 115.8 zloty as of 10:56 a.m. in Warsaw. Thermal coal for 2013 delivery declined 1 percent to $98.94 a metric ton, 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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