JSW with PLN 4.5 bln coal delivery deal with ArcelorMittal

WSE-listed coal miner JSW signed a PLN 4.5 billion three-year coal sales deal with ArcelorMittal. The deal is valid through 2020 with a possibility to extend the deal one year at the time until end-2027. “The contract will be subject to extension for another year after agreeing the qualitative and quantitative structure if none of the parties terminates it,” JSW explained. The estimated annual value of the contract post-2020 was set at PLN 1.5 billion, with the detailed pricing terms to be set on a quarterly basis.