Friday, 17 Jun 2011
Reuters citing Mr Marek Jelinek Chief Financial Officer was quoted as saying that Czech miner New World Resources NWR NWRRS.L is interested in making acquisitions in Poland and does not rule out a second go at buying Polish rival Bogdanka.
NWR had in the past offered to buy the Polish coal group but the hostile bid failed. Bogdanka management saw the EUR 3.43 billion price tag as too low.
Daily Hospodarske Noviny quoted Mr Jelinek as saying that "We are interested in Poland of course, (because) there is the future of deep coal mining in the region."
He said that "There is only one company in Poland which is not owned by the state and it is Bogdanka. We tried to take it over but have not been successful so far."
He added that "We may try it again in the future but for now it is not on the agenda. He also said the miner is aiming to shift the ratio of coking and thermal coal which it produces towards the higher margin coking coal.”
He also said there is certain likelihood that there will be a moderate drop in the coking coal prices but in the long term demand for coking coal will be high.(sourced from Reuters)
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment