Polish JSW Declares Force Majeure After Budryk Mine Fire

Jastrzębska Spółka Węglowa (JSW) has declared force majeure following a fire at its Budryk mine on May 7, 2025. The incident significantly disrupted operations, forcing a partial halt in production. JSW estimates a 345,000-ton reduction in annual coal output. The company may face penalties or renegotiations due to unmet contractual obligations. Additionally, it anticipates asset write-downs totaling nearly PLN 650 million, deepening financial strain. In response, JSW is boosting output at other mines and implementing cost controls to mitigate the damage. The situation underscores rising operational and financial pressures on Poland’s leading coking coal producer.