Poland Sets Coking Coal Miner JSW’s IPO Price at Zloty 136/Share
Platts reported that Jastrzebska Spolka Weglowa will carry an opening price of Zloty 136 per share.
Platts reported that Jastrzebska Spolka Weglowa will carry an opening price of Zloty 136 per share.
Bloomberg.com reports that Indian owned JSW Energy is looking to acquire Canadian CIC Energy(TSE:ELC) to bolster its' coal assets in Africa.
JSW Steel, the country’s leading steelmaker by capacity, has signed a coking coal contract for the year at $100 per tonne. For full story, click here
Sajjan Jindal-led JSW Energy declared that it is close to acquiring a sub-Saharan African thermal coal mine, which has reserves of more than 200 million tonnes, to minimise dependence on other overseas companies. For full story, click here
JSW Steel has already negotiated a 43% cheaper rate for coking coal to be procured from global mining major Rio Tinto for the January to March quarter at USD 175 a tonne, against the contracted price of USD 305 a tonne. For full story, click here
JSW Steel is negotiating a 66% lower rate for coking coal from global suppliers at USD 100 per tonne. For full story, click here
The company agreed to cut coking coal prices for India’s JSW Steel Ltd. by 43 percent for the last three months of an annual contract after global demand slumped. Jim Lennon, London-based analyst at Macquarie Group Ltd., said: This shows that companies are willing to be flexible in these unprecedented times, $175, however, is still [...]
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