JSW upgrades forecast

Coking coal producer Jastrzębska Spółka Węglowa (JSW) expects to extract 13.8-14.0 million metric tons of coal this year, according to a recent announcement from the company. The updated forecast includes the results of the Knurów-Szczygłowice mine acquired this year The company plans capital expeditures of PLN 1.8 billion in 2014, including PLN 68 million in the Knurów-Szczygłowice mine. JSW had earlier said it would extract 13.8 million tons of coal this year. Capex was planned at PLN 2.17 billion.