Bloomberg News

Bogdanka Declines Most in 2 Weeks as Thermal Coal Prices Retreat

June 12, 2012

Lubelski Wegiel Bogdanka SA (LWB), Poland’s second-largest publicly traded coal producer, fell the most in almost two weeks after thermal coal prices slipped.

The stock declined as much as 1.7 percent to 122.3 zloty, the steepest intraday retreat since May 30, and traded 1.1 percent lower at 123 zloty as of 9:31 a.m. in Warsaw.

Thermal coal for 2013 delivery slid 1.1 percent to $94.25 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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