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Home Steel News Mittal Steel Poland expresses interest in buying a stake in JSW
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Mittal Steel Poland expresses interest in buying a stake in JSW

5 Jan 2006 16:55 reported by Colin

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In order to expand its raw material resources, Mittal Steel Poland is interested in buying coking coal miner Jastrzebska Spolka Weglowa. JSW is one of Poland’s major coking coal supplier and also a major supplier to Mittal Steel Poland. According to a spokesman for the company, they would be interested in buying a stake in the state owned JSW if an open privatization takes place. The Polish government has expressed that they will block a sale to Mittal. JSW is the largest coking coal miner in Europe with reserves of about 250 million tons. JSW might conduct the initial public offering of about 30 percent of shares in the first half of 2006. (Jan. 5)

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