Vladimír Urbánek (Kurzy.cz)
Czech markets  |  February 12, 2013 09:36:15

NWR: Boss JSW sees a period of consolidation in coal prices

CEO of JSW, which is the closest competitor NWR, said in an interview with the newspaper, he now see a period of consolidation in coal prices in the coming quarters of this year to grow by troops percent. JSW also monitors project Debiensko who owns NWR.

With the rise in prices at the end of the year we also plan in terms Debiensko, so this project NWR currently under review, because conditions have changed. One option is to invite a partner in this project. News from our point of view are neutral. Information about the growth in coal prices could act favorably on investors. NWR yesterday strengthened by 1.4%.

Statements are consistent with the recently announced operational indicators. NWR agreed price of coking coal in Q1 13 by 3% QoQ and above its supplies of coking coal are low. NWR also this year agreed price for the 80% volume thermal coal price by 19% yoy.

Petr Bartek

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