JSW prepares long-term investment plans

JSW is one of the biggest producers of coking coal in Europe and its management team are preparing a new strategy for 2007-2015. According to the company's vice president, the most important things are investments which will enable it to maintain production power and its position on the international market. JSW estimates that investments in coal mines over the next 10 year will amount to zl.4 billion. It has to provide access to new coal deposits and at the beginning of next year it will start to expand two of its coal mines. Expansion is costly though, and profits fall so management needs to find alternative sources of income. JSW hopes to earn some of this on the stock exchange at the turn of 2007/2008 when it will be able to sell up to 25-30% of its shares. (Puls Biznesu p.9) M